SPX Weekly Chart Rising Wedge Overbot Negative Divergence

The SPX finally printed a new all-time high last week but the buying volume participation could not even exceed the previous week's selling. The indicators are negatively diverged over multiple time frames now signaling the top. The MACD line has a smidge of juice remaining over the last couple weeks. Projection is lower prices moving forward. The drops out of rising wedges can be quite dramatic. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.