Hello all and good evening to everyone.
Before the "Corona crash", a major gap happened in the markets and slowly we have been grinding back up to it since. The likelihood is high for this gap to fill at the very least. In previous analysis of DJI I have been anticipating this move up - due to a macro pattern - and eventually a break of the all time high. SPX is no different in this regard.
Here is a broadening wedge structure on the lower time frame.
Not financial advice.
Before the "Corona crash", a major gap happened in the markets and slowly we have been grinding back up to it since. The likelihood is high for this gap to fill at the very least. In previous analysis of DJI I have been anticipating this move up - due to a macro pattern - and eventually a break of the all time high. SPX is no different in this regard.
Here is a broadening wedge structure on the lower time frame.
Not financial advice.