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500 index created two large bearish rising wedges at (A) which ended up leading to lower prices once support broke in 2000 & 2007.

Once again, the 100% rally off the 2009 lows has brought the 500 index to old resistance line (B), while creating another rising wedge.

This past week a small break below the rising wedge took place at (2). Will the “Third Time be a Charm” and not follow the first two wedges?

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