Let's take a look at SCHD weekly chart. As we can see SCHD has been in a long-term downtrend. Since January 2022 it's been in a mid-term correction which seems to be getting to the end. The price broke above the downsloping resistance already. If we get a follow-through, SCHD will make new all time high. RSI broke the down-trend on weekly which confirms our bullish bias.
Our target is at 0.618 fib extension ( 92$- 94 $ ).