US500: Ascending Triangle

US500, Daily

In the Daily timeframe, the US500 has formed an ascending triangle pattern in a long-term bullish trend. The price reached ATH, testing the triangle's upper boundary, but a divergence formed on the RSI.

• If the price breaks the resistance of 5675, it will open the way to 6030, corresponding to 161.8 Fibonacci;

• A break of the lower trendline will drop the US500 to 5450 support;