looking at the current structure of SPX500 we could see a move up as we see a falling wedge here which is a trend-continuation-pattern.
Of course, a pattern itself is no buy.signal, but it is an evidence for a possible break to the topside. Fundamentals such as corona-figures, STIMULUS and tradewar will tell us.
In case of a breakout we could execute a long-position with a nice risk-reward-ratio. :-)
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Breakout getting likely - Lots of huge orders and algo-patterns chasing the price to the upside in market-depth.