Bearish rising wedge patterns two-thirds of the time lead to falling prices. The NYSE composite has created a bearish rising wedge that is about to come to an end.

At the same time this pattern is coming to completion, the Advance/Decline line reflects that a divergence is taking place, meaning that the A/D line peaked in May and has been creating a series of lower highs.

With the A/D line diverging and reflecting weakness, it increases the odds that the the bearish rising wedge will have an impact on this broad index!


How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past