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.

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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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