SPX in a Descending Broadening Wedge

Equities are selling off as interest rates on long-term Treasury bonds continue to climb.
The SPX has broken out of an ascending parallel channel and is now trading near the top of a descending broadening wedge.
If this pattern holds, the SPY could fall below 365 before finding support.
The MACD and Stochastic Oscillator confirm this bearish trend:
- Weak bearish divergence on the MACD
- Stochastic is near overbought condition and falling.
Furthermore, the 1h 200 EMA has crossed above the 50 EMA.