Yet another “inflection point”. SPY and QQQQ closed at new highs today, so performance-anxious and technical buyers will probably come in. Still, how about a little pullback?

Those huge rising wedges look bearish, but as two potential head-and-shoulders patterns have been negated in the last few months, it can happen again. Patterns are made to be broken, I guess.

Click charts to enlarge

(spy: 255.47 +0.07%)

(qqqq: N/A +0%)

(aapl: 160.47 +0.37%)