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A quick move expected on E-mini S&P 500 SEPTEMBER 2019 as it starts approaching a support line of a Rising Wedge

E-mini S&P 500 SEPTEMBER 2019 is heading towards the support line of a Rising Wedge 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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Merck & Co. Inc. is approaching a resistance line of a Rectangle. It has touched this line numerous times in the last 11 days.

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NAS100 is approaching a support line of a Triangle. It has touched this line numerous times in the last 8 days.

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