The theme for this week is Fed Watch for Wednesday afternoon, and an advance look at 4Q GDP on Friday, with earnings before and after the bell all week.
The bulls are working that bottom formation and it will run if they get the breakout. Notice the failure of a similar pattern about a week ago.
This can go either way. It may not give a clear signal until after the FOMC decision, unless 'something happens.'
"Even the holy Name of God is being dragged into discourses of death. A world with one heavenly Father vanishes, as in a nightmare. We are met by threats, rather than the invitation to listen and come together. Those who pray are aware of their own limitations; they do not kill or threaten with death. Death enslaves those who have turned their backs on the God, turning themselves and their power into an idol to which they sacrifice every value, demanding that the world bends its knee." Leo XIV