We're still firmly in the middle of a consolidation except for the IWMs which broke below support on Friday. However, there has been a great deal of bouncing around on the part of all the averages lately, so I want to see a stronger break before I call a break of the triangle.
Here are all three charts in candle form. I have kept the lines from the previous charts in the same place.
The markets have been extremely hard to read lately -- there is a lot of conflicting sentiment out there. The bulls have the Fed on their side while the bears have literally every other piece of data. Who wins is anybody's guess.
