This is just an example of a 'trading tool' we use. It is not deterministic, but helps the trader to exercise their judgement.
It doesn't look like we'll get the resolution today, and with the big upside push to resistance we're not confident about a rally tomorrow either. We are coming into the end of quarter, so we'll see a real tug of war between fear and greed.
We are trying to show how support and resistance can be used to guide one's trading judgement as an aid. You can do the same thing on any timeframe, and in fact we do so even during the day, cross markets and on four timeframes.
Postscript: The SP futures closed at 1322 today at 4:15 PM EDT, almost dead on the lower bound of the rising wedge. We'll have to see if it will churn around inside the formation tomorrow, or give us some clearer indication of future direction. 
“Just as it was in the days of Noah, so will it be in the days of the Son of Man. People were eating, drinking, marrying and being given away in marriage, up to the very day Noah entered the ark. Then the flood came, and swept them all away.
And they said to him, 'Where will this happen, Lord?' And He said to them, 'Where death is, there a gathering of vultures will be.'”
Luke 17:26-27, 37