S&P

S&P - 1722 - Yesterday I showed a long term rising channels on an arithmetic chart for the Dow and for the S&P thta is at 1757, however in July I first discussed the possibility of a wedge on the S&P and at the recent high now this wedge pattern appears complete as shown below. All legs are in complete 3 waves. Occurring at the end of a long duration rally it is a sign that wave 5 of C up since 2009 could be nearing a final end.