S&P 500 Possible Triangle Completion
SP500 shows several signs of a completed triangle. A strong reversal in the target zone could start a sizeable move towards $3000-3450 area. An ideal target would be $3341.
We have been discussing this possible formation for a while, as you can see on the charts below.
Now the index is in an ideal zone to make a reversal move and complete a major pattern/structure.
The pattern and the bigger perspectives were discussed in details in the latest monthly report:
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