S&P 500 IndexUpdated SPX rising wedge into elections
Clear rising wedge here supporting a slow summer meltup continuation into 5555-5638 area before election / breakdown before election
Plan is to play the wedge for continued upside into 5555+
Will flip short if 5179 is lost. If 5179 falls then a short to 4750-4820 begins.
Plan is to play the wedge for continued upside into 5555+
Will flip short if 5179 is lost. If 5179 falls then a short to 4750-4820 begins.
Trade active
5555-5638 target was met. Watching now to see if we bounce from bottom of the wedge again.Trade active
rising wedge is update and a breakdown is in progress
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