$SPX Daily, 04/04/2014: Bearish rising wedge
Per John Murphy, a rising wedge in a uptrend is very rare and thus a very important pattern to be aware of and watch closely. Murphy is all about confirmation so should 
SPX break below this pattern, then its bearishness would be confirmed with 2-3 closes below the lower line. A confirmation of this type would surely lead to a test of the lower rising price channel line, IMHO.
GL
SPX break below this pattern, then its bearishness would be confirmed with 2-3 closes below the lower line. A confirmation of this type would surely lead to a test of the lower rising price channel line, IMHO.GL
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