Top 5 Weekly Trade Ideas #3 - SPY Falling WedgeNice falling wedge/bull flag here on the 15m. Price is currently near the middle of the recent range from about $577 to $585. We have short term support below near 580 and the wedge trendline.
Watching for a wedge breakout to head back up to ATH again or for a failure below $580 for a short back to the $577 and potentially $575ish area.