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S&P 500 Index
Short
Updated

SPX trade idea: Capitalizing on the potentially impending drop

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It's possible that SPX price is following a corrective triangle pattern like the one depicted. If so then we can easily capitalize on it. Price would need to drop below price-point B to complete the pattern prior to resuming a bullish trend.
Note
SPX: Breakdown of riding wedge?
Note
Here's what the bulls are aiming for. Target given were the pattern to complete.
SPX: Broadening wedge breakout potential target
Teklologist
Chart PatternsSPX (S&P 500 Index)S&P 500 (SPX500)spx500forecastspx500shortspxanalysisspxshortSPDR S&P 500 ETF (SPY) Trend Analysis

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Chart PatternsSPX (S&P 500 Index)S&P 500 (SPX500)spx500forecastspx500shortspxanalysisspxshortSPDR S&P 500 ETF (SPY) Trend Analysis
Teklologist

Related publications

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.