Daily SPX chart forms a broadening triangle pattern, which is bearish and a top signal. To be specifically, on spx daily chart,5/14 low was lower than 5/4 low,and 5/20 high was higher than 5/12 high.
That's all I knew about this chart pattern, but I would like to know if there is someone who knows better.
Why don’t you post the chart. I might feel giddy enough to make a few comments. Whether they will be useful or not is a totally different story!
I don't see any broading triangle. day chart seems to show there is rising channel. pse show your diagram.
looks consolidating and going upwards, plus green macd signal, where the hell is this triangle on one min chart?