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A quick move expected on DowDuPont as it starts approaching a support line of a Descending Triangle

DowDuPont is heading towards the support line of a Descending Triangle and could reach this point within the next 2 days. 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.

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SPX500 is quickly approaching the resistance line of a Falling Wedge. We expect either a breakout through this line or a rebound.

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Support line breached by Soybean Meal JULY 2019. This price has been tested at least twice before.

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