S&P 500 just went back to downtrend channel - Part 2

S&P 500 has gone up around 14% in less than a month.

From the 4hr chart, we could see that a rising wedge is forming.

Right now, S&P 500 is at resistance.

From what we know, rising wedges tend to break downwards, we could expect it to break downwards in the following days.

Disclaimer: This is not a financial/trading advice.

Part 1:

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look for nearest support

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Update:

Bear pennant formed.