With all major US equity indices approaching the apex of their large bearish rising wedge patterns, all which are confirmed with negative divergences on the price & momentum indicators, it appears that the odds for a major sell-off in the US equity markets at this time are substantially elevated.

I recently published a comprehensive video overview of the Nasdaq 100, including the top 10 components of that leading index but for those that don't have the time to view the video right now, you might want to watch for an impulsive breakdown below these large bearish rising wedge patterns/uptrend lines on the SPY & QQQ (IWM has already broken below its comparable wedge pattern), as taken in conjunction with all the other recent bearish technical developments that have been covered in recent months, that could signal the beginning of a the next major downtrend in the US stock market.

$WLSH daily Oct 7th

$WLSH daily Oct 7th