Silent Spring Coiling as Market Worships Pharaohs of Finance

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Medical issues kept me anything but glued to the screen today, as the market works off overbought conditions and chops around. Will the symmetrical triangle be continuation or reversal? What is the market waiting for? Well, we know. Wall Street wants to know how far
the MORAL HAZARD has gone. Frankly, it's gone pretty far, with the Pharaohs of Finance, Bailout Ben and Hanky Panky.

Here's the SP500 daily, with another decreased volume day, with a higher high, higher low, and higher close than yesterday.
___________________________________________________________Among the GICS space, it was easy being green, with the Financials, Telco, and Energy all up over a percent. Of course, the volume on the sectors was as "quiet as a mouse peeing on cotton" to borrow a Todd Harrison phrase.
____________________________________________________The 5 day look shows the 'safer' space as the least successful as consumer staples and healthcare were the weakest.
_______________________________________________________Here's the yield on the Ten-Year bond...falling. If it's all good (of course, the market can do anything), then why are bond yields falling? Just wonderin'.
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The rumor was that the Treasury was going to have a major announcement concerning the GSEs today. The rumor proved false, so far.

Is this a variant of a flag, or just consolidation above a gap up?
_____________________________________________________Here are the NR7s from the CHOSEN ONES list. A small list of interesting stocks.
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Gripping the handlebars too tight? Maybe, ahead of Labor Day, does any of this matter?

Good trading and great risk management to all.

Educational use only. Never intended as investment advice.