SPY wedge alert

١٩ سبتمبر ٢٠٢٢

Possible wedge on spy. They held horizontal support with 4hr bull divergences on the rsi. A break above 395 would be very bullish (green path). It could also come down one more time after the FOMC (orange path) but I still think this setup is more bullish than bearish for a larger swing trade toward the gap areas.