S&P 500 - Triangle = one more rally and then down

Yesterday we finished a small triangle, which calls for one more rally higher towards the 1,136 area. Just below the 1,140-1,145 target area.

This rally should be the last. Triangle in wave four positions always predicts the last move in the direction of the underlying trend.

Below I have shown a 5 minutes chart showing the last five wave rally. As can be seen we have a clear triangle and are in the early parts of wave (v) of C, which should end the entire correction from 1,011.52. Be ready for the trend to turn down.