Is SPX Forming A Bullish Ascending Triangle Pattern?

I believe SPX is forming an ascending triangle pattern. Usually, these patterns are bullish continuation patterns and we should see a bullish end of the year move above 3050.

(Click on image to enlarge)

In my previous SPX analysis, we noted the importance of the Fibonacci support and we gave 3000 as a target if certain resistance levels were broken. With resistance at 3030, we should not be surprised if we see another rejection above 3000 points and a reversal towards 2900. Bulls need to be very cautious and protect their profits.

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