Many thanks to contributors on this excellent forum who have freely offered so much valuable information and analysis without which I would have had a hard time accurately digesting the facts surrounding this latest upswing. At any rate, here's a little payback in the form of an hourly chart fwiw. Note the consolidation pattern in play but unfortunately there's no crystal ball available to predict in which direction this resolves. Although I do note a slight positive bias as the SP tends to cling to the upper end of the triangle - not unlike a balloon held underwater that naturally wants to rise. Either way we'll know for sure in the next 1-2 trading days as the triangle resolves itself allowing a new trend to take over.
