SPY Update

 A bearish ascending wedge and the very typical false shakeout with a pop above the apex (technical traders expect it to just breakdown, which I believe it will pullback, but as usual they shake out some early shorts with the move above the apex).

 The 1 min chart still negative

 And now the 5 min chart is negative, with distribution into the wedge breakout, perfectly played and pretty typical.

 The 15 min chart suggests that while we'll likely see a pullback, we should see more upside.

Here's the tick chart breaking the uptrend so the correction should be momentarily.