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Long

How will the FED play this Ascending TRIANGLE

AMEX:SPY   SPDR S&P 500 ETF
80 1 0
1. FED Speaks tmrw.
2. FED is overseer of wave function
3. FED is technical has tool to create short squeeze on rate hike delay
4. Today, ascending triangle breakout
5. LOW .40 away will move quick if rate hike delay rally 4%
6. Above correction terminology since 9-8-15
I think the argument could be made for that not being an ascending triangle, but rather, a rising wedge which would be a continuation pattern/confirmation for the bear case... this market has too many problems for the risk vs reward here to be flying at all time highs again... makes ZERO sense. I'd rather have my cash, than risk it over some sketchy patterns up and down with baited breath for the FED remarks... I am happy to just WAIT. Not worth ANY risk here at this point. Too much geopolitical craziness going on, that, at any moment could send the market into a tailspin. The market is on the edge of its seat... not a good place to be.
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