NDX: Rising Wedge?

The NDX has been on roll upward for the past couple weeks, but ran in to some weakness after a gap up this morning and closed below the open. It still managed to close up about 10 points from yesterday's close.

The Nasdaq 100 is a very volatile beast even when the market is relatively calm as can be seen by the large number of gap ups and gap downs on the 1 Year Daily Chart, so I'm paying careful attention to the "Rising Wedge" pattern I see forming on the daily charts. Of course the Fed Announcement may weigh heavy on the ultimate direction, but it is very common for the NDX to "over-do" it's moves (as seen in the 1800 low a few weeks ago - that's 200 points ago if you're counting) so I think the possibility of another gallop down on a break of that trendline is something to watch for.

Rising Wedges typically resolve to the downside.

NDX Daily Chart