SPDR S&P 500 ETF Stock Discussion

$SPDR S&P 500 ETF (SPY.US)$ it is what it is

$SPDR S&P 500 ETF (SPY.US)$ 560

$SPDR S&P 500 ETF (SPY.US)$v shape now plus

$SPDR S&P 500 ETF (SPY.US)$ what just happened?

$SPDR S&P 500 ETF (SPY.US)$ 5700

$SPDR S&P 500 ETF (SPY.US)$ Don't have time for screenshots. SPY really looks like it's targeting the 200 daily SMA around 573 with a small multi-day rising wedge up into Res. Breakdown target would only be about 18 points, which would roughly target the 50 daily SMA, but if it plays out it could set SPY up to move higher and break the 200 SMA by giving it some relief/profit-taking.
Doesn't have to happen, or it could overshoot to the downside.
Similar setup on $Invesco QQQ Trust (QQQ.US)$

$SPDR S&P 500 ETF (SPY.US)$ nice bulls 🦅

$SPDR S&P 500 ETF (SPY.US)$ go baby go