| And there it was...
What's arguably my favorite chart pattern of all time... Likely because it's made me the most money of course...
It's called a pennant formation and this one just happens to be bullish.
To be clear, we can definitely drop down through the rising red trendline and nullify the pattern. That's especially true given it's a very late stage pattern (we've been going up for a long time), we're priced for perfection (the market is trading like everything will go right) and the fact that the Gang of Janet is likely to deliver an announcement the market receives negatively.
I don't know how this shakes out, but I thought it interesting and decided to share...
What should you do?
The same thing you should always do... stay with your process
KIS, The Trader | 
