The S&P has been widening it's range, and just today reached the lower channel trendline of this expanding wedge. This is a bullish pattern, and I'm looking to a pull back in the next few days to the upper trendline, and perhaps a breakout of the channel to the upside.
If this pattern fails, this is extremely bearish, with huge downside consequences. This is just my opinion.
Long from 2023, Target 1: upper trendline, Target 2: TBD after breakout.