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supratimbarman

SPX Could Fall to 2550 to Test the 2009 TrendLine

Short
S&P 500 Index (FX:SPX500)  
supratimbarman  
FX:SPX500   S&P 500 Index
Trend Analysis Chart Patterns Technical Indicators S&P 500 (SPX500) SPX (S&P 500 Index)
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trendanalysis chartpattern indicator spx500 spx
The SPX is ranging within a Downward Sloping Bearish Wedge that is within strong resistance at 2940 and support at 2820.

IF, the wedge were to break, the SPX could fall to 2550, which is the 2009 BullRun TrendLine.

SPX has already broken thru the Dec18 low TrendLine and has fallen off ATH at 3020 and is just above the 200day MA at 2800.

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supratimbarman
SPX Ranging Within a Downward Sloping Wedge
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