palmer

Where are you gonna go? - Triangle trap

FX:SPX500   S&P 500 index of US listed shares
90 1 2
The S&P500             has settled into an ascending triangle over the last few months. This indicates that a breakout is imminent in the next few trading days. An ascending triangle is considered a bullish formation. Either way, however, we should see big price movements in the coming days as the S&P             breaks out of formation.
on high side for short term
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