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Bearish case from rising wedge in S&P 500

Published Mon, Jul 5, 2021 · 05:50 AM
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RECENT rallies in the S&P 500 (SPX) have revealed the formation of a bearish rising wedge technical pattern. The rising wedge is characterised by a chart pattern making higher highs and higher lows, with the trading range between the two points narrowing over time.

Looking at past examples, when the rising wedge pattern is formed during an …

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