Maybe the triangle hypothesis isn't dead after all. The problem with triangles is that sometimes you identify one, but it ends up being larger than you expected. With this scenario in mind, the downside potential today is limited at 2750 max. This should mark the end of the triangle / consolidation phase that began on May 24th. Someone asked me why I chart with 15min, because I want to see the details of the waves for the count and I'm looking for day trading setups.