After so called v-shape recovery and by the power of FED's printer, SPX is squeezed in a wedge pattern formed by two nearby rising channels.
Both scenarios are accessible after breakout which will not take so long to confirm. However bullish break out will face horizontal resistance zone of previous top at first.
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.