The chart of S&P 500 (USA) is starting to look like a topping-out pattern is in progress which should worry plenty of bulls. The recent climb of the markets has now started to consume a lot of time with minimal price gains when compared to the previous downswing (refer to the chart for details). A bearish wedge is forming (shown by red converging trendline) within a large expanding triangle pattern(Black trendlines). The first sign that the bears are gaining the upper hand will be the break of 1354.
|BEARS TO GAIN CONTROL OF S&P 500 SOON?|