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S&P 500: Post FED Rate Decision; Pulling Back to Support

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SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Chart Patterns chartplay sp500index S&P 500 (SPX500)
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chartpattern chartplay sp500index spx500
SPY (SPX500) is in a rising wedge formation pointing toward 300 level, but pulling back post Fed's decision to leave rates unchanged with no further guidance. Near-term support is seen at $290. VIX is low at $31. ECB policy decision on 4/3/2020 should be supportive as well. However, more bad economic news are coming next week. The stimulus has been priced in. Is it going to be enough to keep the rally going?
Feragatname

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