Fxprotrader
Short

SPX500 Uptrend Is About To End

FX:SPX500   S&P 500 index of US listed shares
Price has reached the median line of a long term pitchfork and it's moving into a wedge pattern. In MACD we have a bearish divergence which shows we may soon have a reversal. So we keep a closer eye for price to break below the wedge and look for a sell setup to complete.

I will update this post with exact entry point, stoploss and profit targets, so like to follow to get notified..
Comment: Price broke below the wedge. But don't sell beacuse of that. Wait for a sell setups to comlete based on your strategy. I will update if i identify a setup
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this is good idea.
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Thank you bobdrum :)
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Thank you!
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You are welcome :)
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