$SPDR S&P 500 ETF (SPY$SPDR SPY is just under the main previ...

$SPDR S&P 500 ETF (SPY$SPDR SPY is just under the main previous support line of the massive rising wedge pattern we've been following. As you can see, EVERY time it has hit it recently it has rejected HARD. The more times it fails, the more likely it is to sell off. However, IF it manages to break back above we will likely see new ATHs.
I shared my updated charts throughout my recent video, and alluded to multiple patterns that appear to have formed. Depending on the time frame, the VIX is either forming a head and shoulders pattern, or a falling wedge. I'll let you be the judge.
DXY is both at the lower support line of the big descending channel it's in, is forming a falling wedge, AND at a main support around 100.50. IF support holds there, expect a strong bounce on the dollar and the market to react poorly.
NVDA earnings are out this Wednesday, the 28th. I am very curious to see how the market reacts, as it is already expecting a few hundred billion dollar move just for NVDA!
Best of luck, and God bless!