S&P 500 IndexShort
Signs this bull market is running out of steam
The SPX500 uptrend is running out of steam as technical indicators are showing bearish divergences. In addition, a rising wedge pattern has developed which has usually bearish implications with in this case a theoretical target at 1972. I think that a break below 2036 would call for a bearish acceleration towards 2007 and 1972 in extension.
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