I am showing below on the SPX chart both the triangle and the flat options counts, but I believe we are in a triangle right now. You can see this in more detail on the second chart below of the NDX. Incidentally, I was calling for Minute 4 (Orange) to be a triangle on Friday of last week (Mid-day Count, Sept 11). And so far it is looking like it is panning out.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgLS3PaBpF_49t1DGPKjdhkoBZQ1ax4HJOaBVAK0aBVTPL218IWrfABQLNa5Gts1o3ufxCxRjkvgURARrXKrHFlyQDanWNRvrk9TySnChu-gmJK6bd8wr6hlUtZIQUerF6uzSxCn1KvH8DZ/s320/0binve-001-201.png)
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgMz8nPeCI-psypKReFs-YFM6xKJc2mA3BMzydIFS1b47LI_FCE02NjahTKeLKkWshoU_-X6BREuiSHDgjxPxtji5lhLyiysarAXTNTVwy5v1ZzRcVnBJnCWDXemCXE5N0muoHPoWAcvOIN/s320/0binve-001-202.png)
Also showing the current trendline chart for completeness. The rally still is breaking all of the local trendlines to the upside. I think a move to the neighborhood of 1100 is very likely at this point.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgdEja5mq6BrC1XvRBIeC9MPqCNULZOkIu2uyTA0wAqQM9mwPNq2ER94sraL9hg1Ft8T4zTrZ3CKUTuF0kQNE_u5wt5knjtWlRPKXkTwKeZbOq_aCCtExpm8RDSVEh-M4JWOrgqj2erJUN1/s320/0binve-001-203.png)