S&P 500's Falling Wedge

3 May 2022

A few months ago, in late August of last year, the S&P 500 entered in a falling wedge. It looks like it is actually respecting the falling wedge, meaning the pattern is working. We don’t know how long this falling wedge will be here. All we know is that if this pattern continues, the falling wedge will be a success and the S&P 500 will explode.
SPX