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.

 

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…..

 

thank you for taking the time to catch up on my thinking….have a nice day