S&P 500 futures before opening bell

CHART-II

• The support line breaks. That makes the wedge invalid.
• staying below the support line will be negative for the bulls.

CHART-I

• S&P 500 Hour chart is showing a falling wedge pattern.
• Falling wedge is bullish reversal pattern. But if the support line breaks the pattern will be invalid.
• This wedge pattern will be effective if price breaks the support line and goes above the resistance area.
• S&P 500 ANALYSIS AFTER CLOSING BELL