more stuff

as I sit here... BTW, I don't normally post trades, I do tend to post sentiment and give some ideas but since I've been walking through this, I figure I'll keep going on. So, I've been playing this move on the short side, adding and pulling throughout the day, overall it's been a good trade, and I've caught it and maintained profitability. All of this could reverse and blow out what I've made, Seems like the game...

Somebody else remarked with the same thing I said about how it's strange with bearish financials, and all the old guard being strong. One would hope we would find some new leadership.
Of course it's still possible that we will see this "Hyperinflation trade" and that I'm wrong about inflation boggy man.
Since we have been following the Commando investing One can theorize that we have hit overhead resistance and that there are 10 billion orders where people say "Well if it can just get back to where it was on Monday, I'll sell. That will provide downward pressure for any upside, and that is the reason for our descending triangle.

• One can also look at my white line, and call it consolidation, and a 5 wave EW, and say it's done.
  
• One can also look at the pattern and throw in my "MAGIC of 3's" and realize it's been at resistance 2 times, and that third time is the charm.
• the retracement on the last move is more than 50% retracement.

Let us also talk about Bear and bull traps, the pattern is obviously going to test one side or the other of this pattern, and could have a "False" break out. That can be the funny thing, that the way a pattern originally breaks in the trend... well many times that is the opposite direction that it goes. So, we have the Naz here showing the same pattern
Here is the IWM, I was thinking yesterday how bearish this was, and yet it is showing more pennant.

The asian buying seems like it has temporarily exhausted itself.

So you ask... how to trade it, well avoid the trap but take your loss if it develops and has follow through against your position.here is the xlf, I umn.... well seems like the bounce it caught was simple technicals, it pulled back and hit some support and it caught a bounce, it's 38.2%

If some of these corrections were Bull flags, it could make me more hopeful. But it's not a Bear flag either.

as far as sentiment, there was absolute euphoria with all the "hyperinflation trades running today." I haven't checked "The fly" but seems like rampant bearishness isn't there. With the exception that Macky slid in that "I'm slightly short" today.
what has me spooked, right we have my model that says the turn is friday or monday. Maybe then next Monday or Friday. So we have that target of 94(which is now 93 roughly) but a nice breakout to that level on say friday, that that is the top of the 2 swing bear flag.

Right... so we keep retesting the triangle right?, more times tested more likely to break... But we also keep banging in the 50 dma