Morning Charts 02/12/2019 SPX ~ Software Development Process

Trump needs to quit boasting and lock her up. He does us no good if he can't lock up the deep state actors.

On to the lie -

SPX 60m - So what was I saying three weeks ago about the busted rising wedge possibly becoming a rising channel? Not sure if it will last or continue to develop, but the blue rising wedge breakdown target has been met. There is a possible small HnS developing above black TL support. Needs a right shoulder. I'm still uninspired. One thing to note - IF the larger IHnS is in play, then it's possible this move back to test the neckline could bode well for the bulls if support holds here.