SPX descending broadening wedge pattern

11 sept 2022

I drew the two yellow support lines about 1 year ago, and price came down exactly to the first level. There is potential for that level to get tested again, and go lower before continuing with the descending broadening wedge pattern and breaking out upwards. With interest rates still rising, there is a lot of talk about the markets going lower. Please comment your thoughts! I do this as a hobby, and love to learn from others!