Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
US500 is overall bearish from a long-term perspective trading inside the falling broadening wedge pattern in brown, and it is currently retesting the upper brown trendline.
As per my last idea, we were expecting a rejection around the upper brown trendline
For the bears to take over, and start the next bearish impulse movement, we need a break (momentum candle close) below the last major low in orange (3900)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich
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