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Editor of Market Twists & Turns — delivering unmatched stock, crypto, commodities, and forex analysis using a unique blend of Cycles, Cycle Price Projections, Elliott Wave Theory, plus technical & sentiment tools. With 30 years in financial markets, I help you anticipate turns, ride waves, and stay ahead of the crowd. Subscribe for real-time analysis and insights. Not a financial advisor.
$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.