- Wary of trying to call a top in S&P having been burned over and over again this past year. So, just highlighting (no trade!) the contracting ending diagonal that is now apparent in the weekly chart.
- Price is trading above the upper diagonal line. A re-entry back below 1515 would form what Bulkowski calls a throw-over (basically a false break) and would be my starting point for getting bearish.
- [See also rising wedge].
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