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S&P 500 index Rising wedge

Por SebLeDank
Atualizado
S&P 500 is forming a rising wedge which will be a nasty drop in all markets if it plays out. I will be looking to buy the dip, but im going to wait till I see a proper bottom forming. With covid, all the money printing and the general boom we have seen in the market lately, a correction is due (might even see a flash crash).

This may also affect the crypto market
Nota
Bounced perfectly on the bottom line support. We live to see another day. Expecting this to take a while to play out, but be careful!
Nota
Ok we broke. This will be some interesting weeks/months if we dont recover quickly
Nota
Right now its retesting the old support trend line. If it rejects we will probably see another large dip in the whole market
Nota
Larger timeframe retest. Now we really start the downtrend (hopefully :P)
amazonappleBearish PatternsChart PatternsflashcrashgoogleTechnical IndicatorsRising WedgeshortS&P 500 (SPX500)Trend Analysis
SebLeDank
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