SPX should top here to target 1320

4 reasons it should top here: Intersection of the two resistance trend lines (one joining 2007 high to the two peaks near 1425 this year and the rising wedge) Secondly, bearish divergence in the MACD and Stochastic. Thirdly, a weekly Doji candle close last week suggests indecisiveness or exhaustion for this rally to continue. Lastly, Rising wedge with bearish divergence is a classic reversal sign. Sell ahead of 1425, target 1320