Attached is a 50 day chart of the CSZ2.
The last week of consolidation has resulted in a well-defined triangle pattern. We maintain our long bias and would add to it on a close above 100.92, looking for a move to at least our original objective of 100.20-100.25. We are still comfortable with our stop loss at 100.35 and would exit all longs on a close below that level. We believe that some sort of compromise in Washington is likely, and will result in a continuation of the RISK ON mentality.