INDEX:SPX   S&P 500 Index
141 5 3
Daily time frame also shows two potentials - SPX500             and SPY             read slightly differently.
Bullish Crab, Butterfly or bearish Shark?

snapshot
+1 Reply
hehe hehe
... nadie sabe nada ;).
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None of the above. It's cannot be a Crab until the BAT target is taken out and exceeded. 1st things first. I do see a Shark on the weekly view for lower, but that could take some time to play out.
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I think both will happen but which one first? What do you think? Which one has more chance to happen?
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No reason to guess. I always look at shorter time frames and play those patterns with a "view" to what I see on larger. Getting in front of either pattern right now isn't really all that prudent. The conclusion of either pattern will set up yet another pattern.
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