The current rising wedge in the S&P500 appears to be very similar to the last half of 2024. This by itself could be something to be concerned about. What is striking are the number of extremely large seven figure block trades that have been crossing the tape since November 2025. As time passes, the trades have been increasing in their appearance and size. This includes companies such as Apple, Amazon, Microsoft, and NVIDIA. This type of activity also happened on a smaller scale in late 2024 and early 2025 prior to the S&P500 decline between February and April.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
