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S&P 500 Index
Short

could be a big game! ALART!!!

By knox_365
SPX Index At the present time, after breaking out the resistance level, it tried to make a rettachment. More importantly, within the four hour time frame, it is positioned within the Descending broadening wedge .Moreover, today is the time of the release of CPI data. Currently it has taken support at a minor support level i.e. 4100. The SPX may move lower if the CPI data for today come in slightly higher.Otherwise it could be a big game.
Chart PatternsTechnical IndicatorsTrend Analysis
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