SPX Weekly Chart Upward-Sloping Channel Rising Wedge Overbot Negative Divergence

The SPX remains inside the safety of the blue rising channel. The red lines illustrate the nastiness of this weekly chart.  Universal negative divergence across all indicators across multiple time frames, overbot stochastics with other indicators coming off of overbot conditions, and the red rising wedge all say down ahead. The central bankers keep firing the money bazooka's but the chart clearly wants to head lower.  The volume remains lackluster and unenthusiastic despite the new all-time highs printing with round numbers SPX 1600 and Dow 15K. Price may want to retest the two higher volume days in the recent past at 1500-1580 and 1420-1460. Projection is sideways to sideways down moving forward for the weeks and months ahead. 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.