Short

Updated

SPX: Breakdown of riding wedge?

Abcde labels are unnecessary but used them to identify points. This is very bearish given the wedge began after the significant drop in Dec 2018. Might signal the continuation of a Bear market.

Note

Though, here’s a case for the bulls.

snapshot

Note

Safe target?

snapshot

Related publications

SPX Bull and Bear scenarios: EW, Fib

SPX trade idea: Capitalizing on the potentially impending drop

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