SPY- consolidation will be completed soon.

What we are seeing now is the completion of the consolidation process. This has happened more than once - a rapid rise, or landslide falls end in a rising wedge. Similar situations are indicated on the graph. Now, pay attention to something else. Falls are supported by an increase in volume, while at the same time, this does not happen during a rise. In addition, note that the price has reached the maximum correction level and, at the same time, is close to the trend line.