Rising wedge on the macro scale!!

SP:SPX   S&P 500 Index
There has been recent bullish momentum driving the rebound from the almost recession creating dip. Unfortunately, as the rally progresses it is losing steam in a way that is creating a classic rising wedge pattern. This could potentially create the doomed recessionary trend that has been previously forecast.
Playing out nicely so far. Started dropping out that the apex of the wedge. Will be interesting to see if the 2350 target is achieved, if so the bear market that was theoretically started near Christmas will most likely resums=e and deepen.
EN English (UK)
EN English
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out