waiting for a move up from the ascending triangle

Long

S&P 500 E-mini Futures (CME_MINI:ES1!)

Updated

CME_MINI:ES1! S&P 500 E-mini Futures

SPX (S&P 500 Index) S&P 500 (SPX500) spdr SPDR S&P 500 ETF (SPY)

spx spx500 spdr spy

FOMC meeting tonight will probably be the trigger for a move up from the ascending triangle that has formed inside the rising wedge on the daily chart.

Comment:

snapshot

snapshot

Scarry pattern we got here now. Wedge formed diagonal triangle (wedge) 5th wave. A sharp decline might be ahead soon.

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