The TradingEdge

[blacktruck]

Specifically I think we re touch the upper tri border later today...then head for the lower border. The ES is what i am using as opposed to the SPX triangle....based on ES if it is bullish triangle then 1302 ES should hold and we would have our 2.5 week low in.

Once we tag the lower ES triangle border then I am expecting upside action....if we break the lower ES tri border on high volume then my read is off....and short would be the play.

Last weekend when perusing the weekly charts the SPX hinted we would have a small bodied candle. So the action this week is really no surprise.....