This 30 min. chart has 3 examples of the "master pattern" that the major banks (supposedly) use to create their liquidity. Pure theory, but nonetheless very interesting.
There is a ton of great information on this pattern hiding around Google/YouTube! Throw a comment below if you uncover something fascinating in your research.
If the bottom side of this ascending wedge is broken, then the $280 region is wide open. However, FED + international liquidity is holding this whole thing up at the moment; clouding true fundamental analysis .
Long-term: Downside favored.