SPX Daily Chart Overbot Rising Wedge Negative Divergence Smack Down

Remember this chart from a few days ago?  Keystone highlighted the rising blue wedge, the overbot stochastics and RSI, and the negative divergence shown by the red lines, all forecasting a smack down.  The last three days shows the spank down occurring. Price cascading out of that rising wedge is a beautiful picture to a technical analyst, worthy of framing. The chart was textbook technical analysis, a thing of beauty.

Price dropping thru the 20-day MA is very bearish.  The RSI, stochastics and money flow losing the 50% levels is bearish. Important S/R levels are 1358 (20-day MA and horizontal S/R), 1351, 1344, 1341, 1340 (key for Wednesday's trade), 1337, 1333, 1331, 1329 and 1326. The 20-day MA is very important so a back kiss of 1358 would be expected in the days ahead.