Get started
steviebaugh

S&P Weekly Breakdown?

Short
S&P 500 Index (SP:SPX)  
steviebaugh  
SP:SPX   S&P 500 Index
Wedge Moving Averages
4
0
wedgepattern movingaverage
Weekly candles for the S&P are showing a potential breakdown within the next two months.
What I find most interesting about this chart is the 200 week MA. It acted as support last December, and was broken prior to the 2001 and 2008 crashes.
I'll be watching this MA closely if we break down.
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.