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Whats next for S&P500 - a falling wedge breakout?

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S&P 500 (TVC:SPX)  
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TVC:SPX   S&P 500
Trend Analysis Chart Patterns Wave Analysis S&P 500 (SPX500) SPX (S&P 500 Index) US SPX 500 spx500long sp500index sp500long sp500signals wedgebreakout channelbreak
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trendanalysis chartpattern waveanalysis spx500 spx spx500usd spx500long sp500index sp500long sp500signals wedgebreakout channelbreak
Our NIFTY & BANKNIFTY is following the same chart pattern as SPX

A falling wedge plus bearish descending channel with a strong horizontal support

SPX has just broken out from the falling wedge, will it breakout?

And if yes - some of that euphoria will spill onto Nifty50 as well.

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