Russell

I know we have made a new high,and some are saying this is bullish but I see a rising wedge and double backtest,with negative divergence.I heard the PE ratio for the Russell is over 100 !.We are 7 months off the low and 7 can be a termination cycle - Gann's "death zone".Still no sell signal yet though,obviously.As with other indices this last rally has come off no base,and has left unfilled gaps.