E-Mini Says Today Is Different

Monday, May 23rd 106, was a range bound day for the U.S. equity market. S&P 500 fluctuated between a high of 2055.58 and a low of 2049.06 before breaking down in the last half-hour of NYSE trading to drop to 2047.26. In the process a symmetrical triangle was formed on 30-minute time frame. This shows an…