SPY Wedge

I've been poking around some sites and have noticed that everyone has the SPY wedge drawn on their charts, so I think the likelihood of a big upside (most likely false breakout) is very high. It may be an intraday move to new highs that closes lower or it may be over a period of days, it's hard to say, but the wedge is there for a reason, trading breadth has become very thin. That doesn't mean that HFTs won't take advantage of a very obvious pattern to generate revenues. So watch for a nice upside move, but at the same time, keep in mind that it's highly likely that it will turn out to be a false move.