SPY made a solid break & close below the 60-minute rising wedge pattern (sell signal) followed by the typical reaction off the initial tag of the first support (273.39ish) so far with the next sell signal to come on a solid break and/or 60-minute close below that level.
SPY 60m April 13th
On a related note, we also had a breakdown & backtest of the 60-minute bearish rising wedge pattern on /ES (S&P 500 futures) followed by an impulsive rejection, which helps to provide additional validation to that trendline. The next sell signal will come on a sold break below the 2696 support level & if so, that would likely bring /ES down to the next price target around 2626. 60-minute chart below.
ES 60m April 13th