Early alert on SPX

🚨 Early alert on SPX

The S&P 500 just broke down from a rising wedge, a pattern that has historically marked the end of several bull legs in this index.



📊 In the image below you can see:

In one case, the wedge resolved with only a -4% pullback before the uptrend resumed.

In the second one, the correction went much deeper at around -17% before stabilizing.

👉 A rising wedge is not automatically a BIG crash signal, but it is REAL a warning flag. Losing key supports could open the door to a larger correction, while a quick recovery would keep the broader bull structure intact.

⚠️ Stay vigilant, SPX has a history of respecting this pattern. This is just an early alert for you all!

I'll be sharing in my newsletter more about rising wedges soon, I'm seeing many of them and that could mean that the bull trend, at least, needs a pause.