Killing Time

It seems like the market is just killing time until the 2 p.m. release of the FOMC minutes.

Since this pattern and this post "Patterns Predict" in which the ascending triangle was described as "way too obvious"

Here's what happened as you could have guessed, it's always what happens next with obvious patterns.

You can se volume picked up because this was being watched and became too predictable, at least make the volume rebate money while they have nothing better to do. There's another volume spike that has a long upper wick on the candle forming resistance, higher prices were rejected right there, that's why you see the little "mini-churning" episode.

 And now is the what comes next part of patterns predict...

That's the area to watch for a break and keep an eye on volume. We have about 5 mins until the minutes are released, we should see something a little more exiting then grass growing then.