S&P Trading Triangle being Tested

The big price triangle on the S&P that started with the January 25, 2018 Pivot Point is being tested this week.  For me I view first attempts at breakouts as points to fade.  The 2712-2725 price  area meets that criteria.

Underlying analysis still shows a continuing flattening of the yield curve, in fact new lows today based on the pivot point day.

The Fracture Chart is basically flat since its April 2 high value.