QuanYi
Short

SPX 500 Wedge Breakout

FX:SPX500   S&P 500 index of US listed shares
This is purely my personal opinion and analysis on SPX500             . After breaking past the 50 day SMA around Point A, seller are exhausted and the bulls continued and tried to break the ceiling at 2135 at Point B but to no avail. Thus, the buyers gave up at the top and we end up with a lower high at Point C. My prediction would be that the sellers will break below the 50 Day SMA and push for a retest of 2040 and even try for a break through that.
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