SPX and INDU: The Presidents' Triangle Valentine

Today is Valentine's Day, named after the patron saint of beekeepers, so it's a good day to let your local beekeepers know you appreciate them by dropping off a box of honey-flavored chocolates.  Also, you're supposed to buy something nice for your romantic partner -- or, if you've been married a while, just remembering that this holiday even exists is a huge win, worth double points if you additionally remember to say something nice, ideally to your actual spouse.  Keep in mind that the market is closed on Monday, as a reminder that even Presidents have valentines.

Last update warned that it wouldn't be great for bears if the pending gap down was bought right back up, but that's exactly what happened.  On the INDU chart, it appears as yet another successful test of the long-term blue trendline:

On the near-term chart, INDU is developing a triangle look to it:

And SPX is still within its range as well:

In conclusion, the action over the past couple days hasn't looked great for bears... but, from a purely technical standpoint, they're not officially out just yet.  We'll see if they can mount a desperate last-minute stand or if bulls put a fork through them.  Trade safe.