Descending Wedge on ES/SPY E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! Pavley Simple Descending wedge (in red trendlines ) breakout is the white vertical trendline towards the apex of the wedge . Would retest perfectly the trendline resistance towards the top of the chart (price target of 4392 on ES) Looks bullish if EMAs can cross over each other