SPY - Rising wedge to resistance vector E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! DHLawrence We had a nice bounce off of the 50% Fib Retracement level and are in an ascending wedge . Where are the natural tops of this wedge? I would propose either of these red dashed resistance vectors could trigger a reversal. (or maybe it just former at the close?) This reversal is potentially going to lead to a bigger drop , as our bearish channels are progressively steeper. I'll be watching for the Turquoise support vector to give way as a confirmation of direction change. Don't forget your stop losses!