CobraVanguard

SPX is gonna fall soon

SP:SPX   S&P 500 Index
Hi every one
S&P 500 INDEX

SPX has formed a rising wedge now! this means there is a strong chance that It would start a bearish movement after ranging a little more in this pattern! if the pattern breaks downwardly this can fall to the support that is shown in the picture. Oh I forgot to mention that there regular bearish divergences on Both MACD and RSI indicators as well(-RD) which is a great bearish sign.

Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.

Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!

Thank you for seeing idea .
Have a nice day and Good luck

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