$SPY

11Nov 2022

Good bar with below average volume.
Oscillator Green
CCI green
Close near top

The fall from 16 august 2022 to 13 October has been retraced to 0.618 levels.
And closed above too.

Cons :
Stochastic not above 80 and black bar on top.

And also
.768 @ 413 levels meet the top of wedge
This wedge is drawn from 479 level right from January 2022.

So is this a rally by FTD or bear market rally will be known only if 413 in $SPY is crossed convincingly.

Till then sell on rise for me.