The wedge completed, and seemed to resolve to the downside but only for a day.
SPY is now moving up within an uptrending channel. Volume has been decreasing and MACD is in a no-man’s land.
Click to enlarge
Click charts to enlarge
Short- to intermediate-term momentum breadth indicator. The McClellan Oscillator fluctuates between an oversold level below -100 and overbought territory above 100. Short-term buy and sell signals are given when it crosses above or below its zero (flat) line.
Of course, everyone’s looking forward to May 4th to see what happens with the banks. Still, a chart is a chart 
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