Based On the looks of SPX at the moment, and some measurements of previous price action, I could conclude that a probable rising wedge is in the make. Risings / ascending wedges a reversal patterns which happen when price makes higher highs and higher lows with a slope up and have a bearish bias.
PS. . the pattern is still half way, so at the moment we still bullish, and most probably till we reach 4000.
Trade safe and good luck!
PS. . the pattern is still half way, so at the moment we still bullish, and most probably till we reach 4000.
Trade safe and good luck!