HURST says you can determine which way the breakout of the Triangle will happen. Here is the SPX_30 MINUTE again. Let's see if HURST and tell me which way the breakout will happen,
EDIT PS: The green ( projected) shows why the drop stopped.IMHO. .
JLS Just a little HURST back ground on MA's (1)GREEN MA = 50 Meaning that any cycle over 50 is getting shown. THAT IS LONG TERM TREND. (2)RED MA = 10 Meaning that any cycle over 10 is getting shown. THAT IS SHORT TERM TRENDS added ..... (3)BLUE MA = 3 Meaning that any cycle over 3 ( Almost ever thing) is getting shown.