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E-mini S&P 500 SEPTEMBER 2019 is quickly approaching the resistance line of a Rising Wedge. We expect either a breakout through this line or a rebound.

E-mini S&P 500 SEPTEMBER 2019 is heading towards the resistance line of a Rising Wedge. If this movement continues, we expect the price of E-mini S&P 500 SEPTEMBER 2019 to test 3012.5000 within the next 14 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.

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After testing the resistance line numerous times, FRA40 is once again approaching this line. Can we expect a bullish trend to follow?

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