RSkeens

Weekly Rising Wedge

FX:SPX500   S&P 500 Index
The ECB will release their decision regarding stimulus tomorrow with reports already emerging that there will be 50 Billion Euros worth of stimulus released per month until the end of next year.

Their final decision will probably be one of the most important factors to determine if this bull market to continue.

If their decision is taken negatively, then the rising wedge could break and cause a trend reversal to settle the index at around the 1800 level as the next major support.

The 1990 level is crucial at this point and is my personal entry level for a short.
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