A frog in boiling water - Tread carefully with the SPX.

We are testing the lower trendline of the rising bearish wedge pattern. If we close 1.5 percent below this trendline or below the most recent weekly close, I would expect further selling to continue. This could end up being a healthy correction of 10-15 percent or the beginnings of something larger. Market sentiment may change on a dime. ***Not financial advice.