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S&P 500 Index
Short

Rising Bearish Wedge Pattern on the SP500 weekly

By johndustinsloan
Watch for a wick bounce to 3617 which coincides with the weekly 21 EMA and trendline support. Possible bullish continuation to 4021 over the next 2 months with retest of the upper trendline on the weekly RSI. This would confirm bearish divergence and possibly could be our peak. Bounces and possible trend reversal possible at each of the red price trendlines.
Chart PatternsTechnical IndicatorsTrend Analysis
johndustinsloan

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