S&P 500, near term weakness but no major top...yet...

The S&P 500 is heavy after yesterday’s break below the bullish trendline since July, a near term negative sign and suggesting at least some further downside over the next few days/week. Note too that the market is overbought after the sharp gains since March while the macd has just given a new sell signal. However, there are no signs “patternwise” that a more important top is in place, while the market also be forming a large rising wedge since March. These patterns break down into 5 legs