$SPX Wedges $SPX is testing the upper trendline, are we looking at a throwover and potential reversal? There have been two clear downside tests at the lower boundaries of both smaller and larger wedges. Will these tests turn into more buy-the-dip opportunities, or could they fail? What happens if Test 2 doesn't hold? Where do you think $SPX could be headed next? Remember, gaps are magnets.
Published Aug 13, 2026Updated Aug 13, 20262 min read
$SPX Wedges $SPX is testing the upper trendline, are we looking at a throwover and potential reversal? There have been two clear downside tests at the lower boundaries of both smaller and larger wedges. Will these tests turn into more buy-the-dip opportunities, or could they fail? What happens if Test 2 doesn't hold? Where do you think $SPX could be headed next? Remember, gaps are magnets.
