Stock chart patterns and technical analysis (TA) explained simply. Disclaimer: This blog and all its contents are for educational and entertainment purposes only. Do not trade or invest based on any information seen on this blog. Please read Terms of Service. The K E Stone blog sites (Keybot the Quant) are blacklisted by Google, so enjoy the ad-free experience, and only use the Donate button when supporting the sites.
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.
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