Let's take a look on iShares IVV ETF that tracks SPX. Technical rebound is about the end. Decline is next.
Looking for feedback on this
I am expecting a bounce up to the top yellow box then down side break above and HTF close above yellow box would invalidate.
This is a Symmetric triangle pattern in IVV This publication is of an academic nature. Orlando Enrique Fajardo Ocariz
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.
Symmetrical triangle, Ishares core S&P 500 ETF IVV Projection: a-b distance.
17/18 sep FOCM....=are entering a lame-duck period now through January=will be the last jump....
