The SPX is about to fall out of a wedge

١٧ فبراير ٢٠٢٠

The SPX has built a wedge over the last weeks and is About to drop out of it now. This might be a good short opportunity. Take also into account the extreme high valuations, the ongoing threat of the coronavirus and the likely end of "Non-QE" this spring. Finally, the MACD is about to give a negative signal.