SPX500 is heading towards the support line of a Descending Triangle and could reach this point within the next 3 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.
Related Posts
ASX 200 is signaling a possible trend reversal on the intraday charts with price not breaching support.
ASX 200 is approaching the resistance line of a Channel Up. It has touched this line numerous times…
Breach of 8696.5000 could mean a start of a bearish trend on ASX 200
ASX 200 has broken through a support line. Because we have seen it retrace from this price in…
ASX 200 formed a Channel Up on the 1 hour chart. Retest of support in sight.
ASX 200 is heading towards the support line of a Channel Up. If this movement continues, the price…