S&P FUTURE Sep18 : The pull-back to the wedge is over, the fall should now resume.
Prices were consolidating in a pattern. They broke below the lowest threshold of that pattern. The trend becomes bearish. The target is at 2,772.00 pts. The invalidation is above2,810.50 pts.Arguments :
- Prices have pulled back to the major resistance level (previously a support). The fall is now resuming.
- The moving average is capping prices.
- The pull-back to the wedge is over, the fall should now resume.
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