SPX (2022-02-11 Triangle)

As the trading week progresses, we have a triangle on the daily forming

1) CPI news
Cause: sell-off
Effect: gap-fill at market open

2) Bullard Hawkish Remark
Cause: bullish structure has been broken at 4553
Effect: market will need to find a base at C

Key characteristics of triangle:
Declining volume



Personally, I took a short
Entry: 4545
Stoploss: 4555
Final Target: 4495

In such fast-moving markets, there ain't no bears/bulls and we really got to be very very nimble.