SPX500 is moving towards the resistance line of a Falling 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 2799.0000 within the next 3 days.
Related Posts
After testing 44227.1914 numerous times, DOW 30 is once again approaching this price point. Can we expect a bearish trend to follow?
The movement of DOW 30 towards 44227.1914 price line is yet another test of the line it reached…
Nikkei 225 formed a Channel Down on the 4 hour chart. Retest of support in sight.
An emerging Channel Down has been detected on Nikkei 225 on the 4 hour chart. There is a…
US 500 is approaching 6277.8501. We expect either a breakout through this line, or a rebound.
US 500 is en route to a very important line that will be a definite deciding factor of…