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SPX (2022-02-11 Triangle)

S&P 500 Index (OANDA:SPX500USD)  
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OANDA:SPX500USD   S&P 500 Index
Trend Analysis Wave Analysis Technical Indicators snp500 SPDR S&P 500 ETF (SPY) correctivestructure SPX (S&P 500 Index) ES futures
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trendanalysis waveanalysis indicator snp500 spy correctivestructure spx es futures
As the trading week progresses, we have a triangle on the daily forming

1) CPI news
Cause: sell-off
Effect: gap-fill at market open

2) Bullard Hawkish Remark
Cause: bullish structure has been broken at 4553
Effect: market will need to find a base at C

Key characteristics of triangle:
Declining volume

snapshot

Personally, I took a short
Entry: 4545
Stoploss: 4555
Final Target: 4495

In such fast-moving markets, there ain't no bears/bulls and we really got to be very very nimble.
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