The S&P, with pretty overbought conditions in the short term, has formed a bearish rising wedge. Watch for a breakdown to the 281 support if broken and possibly a much larger drop if 281 is broken. Short term bearish RSI divergences in play also.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
