Fri, 06 Dec 2024 13:20:03 GMT
Occurrence of a rising wedge pattern on the S&P 500
Year-to-date, the S&P 500 has risen by more than 25%, reaching all-time highs above 6000.00. The results of the U.S. presidential election have been seen as positive news for the broader market.
However, the occurrence of a rising wedge pattern could signal bearish momentum if the pattern breaks to the downside. If bearish momentum takes hold, price levels of