S&P 500 Index
Long
Updated

battle of the wedges

107
a long-term bearish wedge and a short-term bullish wedge combine

note that today there was a re-test of the bearish wedge and also of the long-term trend line

staying above here keeps the bullish wedge in play, for a run at the gap and the top of the wedge

getting below for too long = trouble

I lean bullish, failing to fill this gap would just be a sad story
Note
have some small positions in short term calls, let's see

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.