SPX Chart watch intraday 4hr

Here we see the chart looking a bit more bearish than bullish as a clear rising wedge pattern has occurred.

MACD has been diverging for over a week now.

A break and close the 4hr 50 ema would be a confirmation this has a high chance of heading lower.

FOMC announcement may take this lower if its nothing great and could then to support to continue this bullish all time high.