Indice S&P 500Short
Risk is definitely rising for a correction
Look at the volume profile, a lot of trading here. It really looks like a distribution top.
Any downtrend has rising volumes
Uptrends have decreasing volumes
Negative divergence, which is going to push the price out of the rising wedge.
Price might rise again, but I don't think this is going to end well.
Any downtrend has rising volumes
Uptrends have decreasing volumes
Negative divergence, which is going to push the price out of the rising wedge.
Price might rise again, but I don't think this is going to end well.
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