Head Fake?

I posted this on the 1 min chart of the SPY in the last market update. I just had so many charts to capture and get out quickly that I forgot to comment on it.


Remember what happens to obvious patterns that technicians follow like a bearish ascending wedge?

Technical traders expect the wedge to fall straight down as they have seen in 100 books, Wall Street knows this and we almost always see a breakout in the wedge first like we did here in yellow. Note 3C was negative in to the breakout-