SP500 PULLBACK TO 3100 LOOKS PROBABLE (My Thought Process) | S&P 500 Technical Analysis

In today's S&P 500 (SP500) Technical Analysis forecast, I explain why it could be very possible to see the stock market pullback to 3100. A rule of thumb with a rising wedge pattern is to see the technical pattern break down matching the size of the base (start of technical pattern).

Nothing is certain in the markets, especially when trading the sp500 and individual stocks within it. To be a successful stock market trader you need to look at multiple different angles to draw a conclusion and ultimately create a trade plan.

Trading is all about taking educated risks. Based on my experience this rising wedge pattern in the sp500 I wouldn't be shocked or surprised to see a pullback and ultimately a move higher. however during earnings season, anything can happen. So as I always say, focus on risk management.

TIMESTAMPS:
Intro: 00:00
SP500 Daily: 00:27
SP500 30 Min: 06:04
My Scalp Trade Today: 10:34

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