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$SPX - Reverse Symmetrical Triangle

INDEX:SPX   S&P 500 Index
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1180 0 20
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Elliott Wave Principle defines us above all direction. Chart above shows alternate descriptions waves than the $QQQ chart /
$QQQ - Forget about Santa Claus - Alibaba is coming!
/. But the direction is the same.
Before us Alibaba IPO             , option expiration week, FOMC meeting, the end of the quarter. These events will uphold the market.
And besides - a symmetrical triangle it's perfect example of wave 4.

http://thepatternsite.com/EWRevSymmetrical.html
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