SPX500 is heading towards the support line of a Falling Wedge and could reach this point within the next 11 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
A quick move expected on SPX500 as it starts approaching a support line of a Falling Wedge
