Last hour's normally exciting. Today was a POMO day but the pop just wasn't there. The gang in Korea might say something. I thought the opening was enlightening. Futures were up 5 SP just before the opening but the cash market allowed nothing more. All I can do is trust that the next move will be down and buy on the first hint of a downturn. I have support at 1175 and 1173 SP futures because the market has gone nowhere the past week and these longer M/As have caught.
Sometimes, you just have to cut the crap and make it simple. Here is a descending triangle in SPX:
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