Price went to bottom of a large wedge formation this morning but held at support. Pricing finished the day at the base of the larger wedge as well as the point of a descending (bullish) wedge. Price should break out and retest the top of the larger wedge at a minimum, but likely continue as a breakout of the larger wedge as well.
S&P at resistance/ bearish wedge...low buy volume on this latest move up. Looks to me like its time for a reversal sometime between now and next Tuesday, September 17th. Of course, this coincides well with the Fed meeting.