Whats next for S&P500 - a falling wedge breakout?

٢٩ أغسطس ٢٠٢٣

Our NIFTY & BANKNIFTY is following the same chart pattern as SPX

A falling wedge plus bearish descending channel with a strong horizontal support

SPX has just broken out from the falling wedge, will it breakout?

And if yes - some of that euphoria will spill onto Nifty50 as well.