Well the wedge broke on time as indicated in post below. However, it broke HIGHER, which wrecks the bearish nature of the wedge, and now the SPX has an up channel.
Looking back at spx, since Sept. 4, every time it hit the upper channel line, it pulled back (which is normal and doesn't negate the uptrend), so perhaps tomorrow SPX will see lower prices.
Of course, SPX could put in another green Marubozu green candle instead. There is a 1073 / 77 fib extension.
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
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