SPX Building A Triangle - Getting Near Apex. Feb 17 Chart & Plan

This is now the third day in a row where I’ve sent out my newsletter and ES was at the almost exact same price: 4460. As posted several times, no coincidence to this, its an extremely critical inflection point with the 200dma just below here at 4448, and 4460 backtesting where we broke down Friday

Its important to zoom out though. We are, since late January (and one could argue even since September) in a consolidation regime now. This means there is no clear very short-term trend, bulls and bears get trapped, and energy is building for a breakout. Right now, the consolidation is defined by a perfect triangle pattern. This pattern dictates the next multi-week trend leg, and should resolve in next 2 weeks. I will be delving into this today and writing about how I think price plays out within this structure for rest of week