SPX500 has broken through a support line of a Rising Wedge chart pattern. If this breakout holds true, we expect the price of SPX500 to test 3247.0165 within the next 6 hours. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing any trades.
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Breach of support could mean a start of a bearish trend on SPX500
January 9, 2020 2:14 pm
