punter2016

SPX - Breakout from wedge ?

FOREXCOM:SPXUSD   US SP 500 CFD
On daily chart , there looks like an upside breakout from the wedge . A retest of 50D Moving average which is also the falling trendline of the wedge needs to be monitored.

A neutral at this stage given the weak price action this morning. A gravestone doji could be under making.
Comment: Today we have a first test of the 50DMA on daily chart. On first touch market has bounced back from 2746-47 level.
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