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US30 is quickly approaching the support line of a Falling Wedge. We expect either a breakout through this line or a rebound.

US30 is heading towards the support line of a Falling Wedge. If this movement continues, we expect the price of US30 to test 25320.0000 within the next 2 days. 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.

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After testing the support line numerous times, E-mini S&P 500 JUNE 2019 is once again approaching this line. Can we expect a bearish trend to follow?

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Big movement expected on United Technologies Corp. after a breach of the support

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