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Forum: US Indices
Topic: $SPX
Posted By: yinzer
Possible new wedge that I haven't seen posted yet. It's a bottom to what OEXTRA added. It is very steep. Maybe the lower line will switch to resistance.
My hunch is resistance and consolidation at one of the MAs. If it's the 200 MA then a few tests and drop. If it's the EMAs then all <233EMAs will consolidate for a while and then a big move either way. Just a hunch, I'll try to take what I'm given.
