When I posted this chart on my blog in June, I thought we are going to have a snap-back rally to the upper trendline of the triangle. Instead we just broke out of it last week. But I would be very surprised if we went straight for the projected target of the triangle break. (though I have been surprised before hehe)

Maybe we’ll just make the triangle wider first to trap the bears. You’re right, the crosses might be a better bet. Correlations are out of whack completely. The equity market needs to decide if it likes stocks because of the expected “tapering” or not.