SPX 30-Minute Chart with 8 MA and 34 MA Cross Overbot Rising Wedge Negative Divergence

Do you notice a theme in this morning's charts? All the SPX charts, monthly, weekly, daily, hourly and minute charts display rising wedges, overbot conditions and negative divergence. Couple that with the uber complacency verified by the low CPC put/call and VIX is quite a recipe for a pull back. Having all the charts align like stars is very special. Perhaps something special is about to happen.

The 30-minute chart provides a read on the markets over the VST; the 8 MA crossed above the 34 MA last Wednesday so the bulls are in control now. Watch the 8/34 cross very closely this week since the 8 stabbing down thru the 34 will be one of the first signs of markets heading lower. The rising wedge, universal negative divergence and overbot stochastics should all team up to create a smack down in price moving forward. 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.