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MrAndroid

S&P500 wedges and divergence

S&P 500 Index (TVC:SPX)  
MrAndroid  
TVC:SPX   S&P 500 Index
Chart Patterns Wedge
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chartpattern wedgepattern
The current monthly chart pattern for SPX appears to be an ascending broadening wedge, a bearish pattern contrasting with the prior pattern of a bullish descending broadening wedge which is now mirrored.
Evidence of a further decline in momentum is that the monthly RSI shows divergence.
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