SP:SPX   S&P 500 Index
SPX broke out of a wedge to the upside and is now forming a small wedge. I don't know enough to pick its direction, any ideas?
Comment:
I will be placing a small short position on the S&p 500 for the week as I think this might be a failed break out - 3400 is my target before going to new highs.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.