S&P 500 closes week under its November 5th channel

Not a great sign that the S&P closed the week under the main channel that it has been in since the beginning of November. Now, it was below this channel during the big dip at the end of Jan, so take that with a grain of salt. But twice in a month can't be a good sign.



The good news is that it is still inside the regression channel.

Some possible rising wedge patterns to watch.