Short S&P 500 Bearish Rising Wedge

Apr 17, 2019

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Short S&P 500 Bearish Rising Wedge by KQMarkets on TradingView.com

Commentary

We see a continuation of the S&P 500 bearish rising wedge pattern highlighted on our analysis on the 15.04.

The RSI of the index has fallen from 69.3 to 68.9 and trading volumes are slightly decreasing indicating that upward momentum could be slowing.

We will wait to see if prices fall below the lower bearish rising wedge trend line under $2860 before confirming the downward movement.

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