Is this a wedge I see before me?

I have noticed that the rally since 2022 lows is forming itself into a decent rising wedge pattern on the SPX.

There is also a small RSI divergence in place that has since migrated to the hourly time frames.

This could be indicative.

There is also a disappointing looking NFP report in the pipeline this week.

I have no active trade, and I will not take a position on this until it confirms (likely to be later in the month if it does confirm) however, I believe that the pattern here which has 3 touchpoints at resistance and 3 touchpoints at support (suggesting the pattern is well defined) warrants attention from traders.

Watch out and trade safe!