SPY - Rising wedge to resistance vector

2020년 10월 15일

We had a nice bounce off of the 50% Fib Retracement level and are in an ascending wedge.
Where are the natural tops of this wedge?
I would propose either of these red dashed resistance vectors could trigger a reversal. (or maybe it just former at the close?)

This reversal is potentially going to lead to a bigger drop, as our bearish channels are progressively steeper.

I'll be watching for the Turquoise support vector to give way as a confirmation of direction change.

Don't forget your stop losses!