There is possible trianlgle in the SP500. That can be a sign of an exhaustion in the current rise. There is still small potential to the upside after this triangle.
In case this triangle takes place that will give more odds to the close end of the rise.
Nevertheless the possible decline is supposed to be only a correction, that could be another second wave.
In case this triangle takes place that will give more odds to the close end of the rise.
Nevertheless the possible decline is supposed to be only a correction, that could be another second wave.
Note
No triangle OR a bigger one. Still no impulse down.Order cancelled
Other pattern in development.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.