For me this is hidden divergence!!Do you think whether there's a chance for SPX for long?
Triangles are a continuation pattern. The trend is down. Market has been coiling in triangle for 22 days. Normally, that means the continuation pattern will move down for next 22 days. It will move down sharply. At a rate, at a higher rate. We might be in the 2020-2040 range in 22 days or sooner. Depends on earnings, China, Dollar, Oil, etc. - Many variables at play here. Everything Changes. Happy Trading.