SPX rising wedge(s) are intact...
As per school books:
investopedia.com/terms/w/wedge.asp
investopedia.com/articles/trading/07/rising_wedge.asp
What's important to note in my view are :
1)The declining volume
2)The RSI Divergence
3)The fractal with Jan-Feb (The bars are much longer which ties well with the increased volatility - VIX on top)... the small double bottom are like copy pasting.
I really want to see what happens in the next days but from my point of view we need a big pump to stay bullish.
investopedia.com/terms/w/wedge.asp
investopedia.com/articles/trading/07/rising_wedge.asp
What's important to note in my view are :
1)The declining volume
2)The RSI Divergence
3)The fractal with Jan-Feb (The bars are much longer which ties well with the increased volatility - VIX on top)... the small double bottom are like copy pasting.
I really want to see what happens in the next days but from my point of view we need a big pump to stay bullish.
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