An ascending triangle means that the move up is "corrective" and would likely be a Minute [b] wave of an expanded flat. After peaking in the mid1020's, maybe 1032 on a squirt, it should collapse back down in a very bearish Minute [c] wave and perhaps the market loses 50 points in one huge move as it has done from time to time on the Primary wave 2 rally.
Anyways that's the way I see it at this moment.
Perhaps the last move up will be "final" as I showed the DOW chart last night. That's an alternate possibility is that P2 will peak. But the ending expanding diagonal is a rare pattern if even valid. So we'll keep that on the backburner for now in calling P2 over.
But the market seems destined to break to a new high in all 3 indexes tomorrow and/or Monday. But it should be a [b] wave.
The other alternate is that it will be a Minute [iii] of Minor C up, and it will have to run its course to a C wave peak.
So either way, the market will resolve itself sooner rather than too much later.
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