S&P 500 IndexUpdated S&P Rising wedge?
Purely hypothetical and for academic purposes only...
Lose the rising wedge. Retest resistance. Form a double top.
The target is where the rising wedge began.
around a 25% drop from the highs.
If recession in the USA is unavoidable. This may play out.
Lose the rising wedge. Retest resistance. Form a double top.
The target is where the rising wedge began.
around a 25% drop from the highs.
If recession in the USA is unavoidable. This may play out.
Trade closed: stop reached
Completely invalid. Rate cuts sent it to the moon. Liquidity floats all boat. It will crash soon though. Bear market will come when everyone least expects it. 
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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.