Trouble ahead for SPX500

Seems that converging price range or rising wedge kind of pattern is coming to an end & SPX500 may face strong resistance and may fall upto blue channel support line(Yellow) roughly upto 2200 levels, whereas the similar kind of behavior may also occur in other markets and emerging markets. And the other scenario is that it may break the channel support line(RED) and reverse this Up trend.

bearinshSPX (S&P 500 Index)S&P 500 (SPX500)

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