TLDR: The S&P 500 is about 2/3 way through its motive wave. It should have a peak around 3110 in the early in the week. A small pull back to around 3060, then one more rally to around 3130 by weeks end. After that expect a new corrective wave. The scale of this corrective wave will most likely set the tempo for the rest of the month (to the moon, sideways, or down...
Investing position: In Falling section of high risk & low profit
S&D strength Trend: In the midst of a downward trend of strong downward momentum price flow marked by temporary rises and strong falls.
Today's S&D strength Flow: Supply-Demand strength has changed from a weak...
The rising wedge pattern is characterized by a chart pattern which forms when the market makes higher highs and higher lows with a contracting range. When this pattern is found in a downtrend, it is considered a bearish pattern.