S&P setting up for a squeeze?

The S&P is starting a show a wedge formation indicating a potential slowing of selling.
Now, given the uncertainty of global events, who knows what will end up happening, but
all we have is the chart.

Given that we are under the 145 fib level, I am still planning 4005 fib to be touched.
Because of this, I have been waiting to see us break from the current level.