- S&P 500 Chart with rising wedge pattern in its daily time frame.
- Rising wedge is a bearish pattern.
- For this week if price breakout above the resistance line and if it trades above 1265 the pattern will be invalid. SPX will gain good upward momentum if price sustains above 1265 this week.
- If price stays below the resistance line and 1260 we may see correction happening.
- TRIANGLE PATTERN OF US DOLLAR
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