With the rejection of lower prices at the trend line, the S&P appears to be in a rising wedge at what I assume is the end of the uptrend. With FOMC meeting on the 12th, it could be the catalyst for more volatility. But with the VIX broken and a seemingly endless bull run, it is prudent to expect another wrench to be thrown into the fray before July. I'm watching for the pattern to complete by July 5th as of now.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.