SPX

SPX update: during this week we can see that SPX has jumped outside of our rising wedge formation resulting in a void of this pattern. We can still see divergence between price action and RSI and a rising channel over the previous days/ couple of weeks. Due to the break down of the rising wedge I don’t see a massive pull back happen as first predicted. A more realistic idea would be pull back to first or 2nd support/resistance level. Happy weekend trading view community.