Is this phase of the Bear Market Rally Nearing Termination ?

Since March 6th, 2009 the SPX 500 has , from a Low of 666.79 risen to a intraday High of 1049.74 . In doing so, the price action has been contained within an Ascending Contracting Wedge as shown on the Daily Chart. After the Fast Stochastics did a "V" reversal today, it along with the Indicators RSI, and Slow Stochastics are all heading upwards and that would indicate that there may be more to the BMR .

Looking at the Wedge one can see that the Upper Boundary now is at 1055.9 ± while the Lower Boundary is at 1000.4 . In the coming session those are the levels to watch to determine direction of the SPX 500 Index in the coming sessions.