What if the market moves higher and the contracting triangle pattern is proved wrong? Of course there must be a new count given but from a practical perspective the analyst has been watching for the end of an 'upwardly' unfolding pattern since May 25th. The key is identifying when that pattern, whatever it may be, ends - because then we know a downward pattern is underway and we should not be long the SPX. And so we continue to watch for the end of the pattern from May 25th....
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