US Stock Indices | S&P 500 – Rising Wedge
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Making a great effort to rise, giving rise to a wedge-shaped pattern.
Market could either aim to test the old high of 1415 before coming back down, or go straight down from here to test the previous low of 1267.
For the former to occur, the market would have to take out the most recent swing high. Let’s see which plays out.


Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.
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