dionvuletich
Short

ES S&P500 Daily Shark + Evening Star Pattern

CME_MINI:ES1!   S&P 500 E-MINI FUTURES
80 0 4
As per earlier post, rally has been on declining volume right into the origin of the Brexit decline

Right now we have a completed shark pattern and also a daily evening star pattern which suggests that we could get a decline of 50-61% of the current advance (at a minimum)

The risks with Brexit are still real, Chinas shadow banking system is still bubbling away and Yellen (Snow While) is not doing QE and basically is trying to buy time by stalling any rate hike and changing their intentions almost on a monthly basis
Comment: Did not enter short on this as no clear setup presented itself on shorter timeframes

The fact the Japanese are commiting more QE Seppuku and printing more yen suggests Equities will rally again as central banks print more QE

Long term charts look bullish right now and the overall wave4 may be complete heading into wave 1 of the final phase of the bull market since the GFC low in 2009
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