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.