SPX500 is moving towards the support line of a Rising Wedge which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If SPX500 continues in its current trajectory, we can expect it to reach 2841.7500 within the next 16 hours.
Important support line being approached by SPX500. This price has been tested numerous time in the last 3 days
