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Joined: 28 Dec 2005 Posts: 11980
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Posted: Sun Aug 27, 2006 10:01 am Post subject: SPX Bearish Wedge |
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SPX is creating a bearish (rising) wedge. So, upside is limited and a break to the downside should take place soon. The wedge is being formed on low volume, which makes the pattern more reliable, and the rise above the 200-day MA is a false bullish signal. For more information, click following link: http://www.trending123.com/patterns/rising_wedge.htm
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