Share: S&P 500 futures broke above 4200 in the overnight session, continuing their almost relentless march upward with new all-time highs. Except for last week’s volatile and range-bound price movement, the /ES has scarcely paused for a breather since March 24; it notched only 7 red candles during an 8%-plus climb in a little over a month. However, the uptrend is slowing as price tightens within the boundaries of a rising wedge pattern, tracing along the highs since mid-November and the lows since early March. Technical studies show waning momentum, with a sluggish MACD slightly tilted towa...