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AlanSantana
7 aug 2020 14:10

S&P 500 Index Rising Wedge Kort

SP:SPX60
S&P 500SP

Beskrivning

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The S&P 500 Index (SPX) is trading within a classic/textbook rising wedge... A bearish pattern.

As a bearish pattern, this rising wedge is supported by bearish divergence on the MACD and RSI.

Be ready as prices can easily drop.

Namaste.
Trend AnalysisTechnical IndicatorsBeyond Technical Analysis
Kommentarer
poister198
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Good chart, although no fundamentals backing as there is no reason for those holding to sell.
AlanSantana
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@poister198, Agreed... But those holding follow the market and not the other way around.
goatrades
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Why short while SPX has been in a uptrend since March?
Bears have been getting demolished and righly so.
Just doesn't make much sense, might probably be what's fueling the short at the moment.
Mer