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Dr_Roboto

S&P 500 breaks down out of rising wedge

Indice S&P 500 (SP:SPX)  
Dr_Roboto Aggiornato   
SP:SPX   Indice S&P 500
Trend Analysis Chart Patterns Wave Analysis SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) IVV DJI
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trendanalysis chartpattern waveanalysis spx spy ivv dji
Looks like it broke down out of the wedge and is now closing the gap to retest the wedge. Watch to see what it does next. If technical analysis still works, then the S&P is look to start a correction lower, but how much is still TBD. Maybe a massive case of buy the rumor and sell the news for the stimulus?

snapshot
Commento:
Back in the wedge but just barely
snapshot

Idee correlate

Dr_Roboto
S&P 500 Rising wedges (waves) since 2009 - Time for pullback?
Dr_Roboto
S&P 500 back in the channel from Dec 15
Dr_Roboto
S&P another premarket pump, running out of room or just starting
Dr_Roboto
S&P 500 - Pick your rising wedge
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