It appears to me that both the upper and lower lines of the wedge have significance because of the way price acts when tagging them.
The most bullish case I see from the chart is the MACD. When that MACD down trend line was broken to the north, it signaled a change. It is a weekly time frame chart so try to eliminate the daily excitement.
The $bpcompq and $nasi remain on the buy keeping me 2/3 long. If/when the SPX daily MACD crosses over, the other 1/3 goes back in long. If the nasi and bpcompq trigger sells b/4 the daily MACD crosses, I'll return to cash. The top 3 charts on my list move me in and out, in 1/3 increments.
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