S&P 500 - Breakout of 1M rising wedge - Rejected by 9 month
S&P broke out above it 1M rising wedge but was rejected by the rising wedge from the Feb/March crash and rally. This level is also the 1.236 fib level (see my other idea from this morning for a tons of details).
Note that any time the market has broken one of these wedges it has always returned back (up or down). Will the S&P now correct out of the 1M wedge and test the large blue wedge support? OR, will we see a gap up tomorrow and make a run for the ressitance line of the blue wedge?
Note that any time the market has broken one of these wedges it has always returned back (up or down). Will the S&P now correct out of the 1M wedge and test the large blue wedge support? OR, will we see a gap up tomorrow and make a run for the ressitance line of the blue wedge?
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