2 observations on the SPX.
1. AB=CD completion at 2193.
2. Potential big shark completing point C. If it breaks below gap opening around 2180, we could see it move down to point D of the shark pattern at 2152
Trade Plan:
1. If the SPX goes down as analyzed with harmonic patterns, USD should strengthen temporarily.
2. As primarily a Fx trader, I will look to short XXX/USD currency pairs from now until this shark pattern completes at 2152.
1. AB=CD completion at 2193.
2. Potential big shark completing point C. If it breaks below gap opening around 2180, we could see it move down to point D of the shark pattern at 2152
Trade Plan:
1. If the SPX goes down as analyzed with harmonic patterns, USD should strengthen temporarily.
2. As primarily a Fx trader, I will look to short XXX/USD currency pairs from now until this shark pattern completes at 2152.