s&p500 volatility breakout with conformation???

We succesfully broke out of the wedge for the first time. When we look at the monthly MACD we can see that it is coming closer and closer to a cross. Big moves incoming. Either to the up or downside. Personally I think that we are going to the downside. The valuations that we are seeing right now are already crazy enough. The fundamentals are also very bad. I will make another post in a couple of days where I talk about what is going on in the markets and world.