Shadower1005
Short

S&P 500 (SPXUSD) - Bearish wedge

FOREXCOM:SPXUSD   US SP 500 CFD
Good morning,
Chart allowed us to mark a Bearish wedge as trend continuation pattern. Although even if price will brake the pattern we should look very closely on the price move around MA100 and local support zone . For safety reason I would recommend opening positions in the correctional movement after firm break-out. MACD indicatior is not giving us a 100% sure reversal signal but histogram is significantly falling. The First target should be on the previous lows from 2018-02-09 and second target should be around second zone and main trend line which can be a significant point for the S&P 500 index .
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Remember that's only my point of view and every investment you do is fully on your risk!
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