SPX500 is heading towards the resistance line of a Falling Wedge. If this movement continues, we expect the price of SPX500 to test 2799.0000 within the next 20 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.
SPX500 is quickly approaching the resistance line of a Falling Wedge. We expect either a breakout through this line or a rebound.
