Update

This is from yesterday's market update....

"Thus far that's what we've seen, but there is an ascending triangle forming through intraday trade today that I'd think everyone notices on such a dull day. With many indicators pointing toward near term downside, the bullish nature of this triangle could very well lead to a set up trapping some technical traders, especially if it breaks out to the upside and then moves lower. Today it seems that even when the market looks like it is doing nothing, it is still up to something."


Thus far....

There's the trap, I'd say the longs have already been skinned.