SPX500 (H4). Potential reversal.

FX:SPX500   S&P 500 Index
1009 7 15
Potential double bottom 9/2 low.
Potential Elliot Wave 5.
Down_trend line break.
50% retracement .
Break_line channel.
pin bars x 2.
RSI bullish divergence .
Could be a double bottom if the market gets over the strong dollar angst. Nasdaq has made a new low which isnn't a great sign of things to come as it was the NASDAQ which led the last rally. There's a dirty great shooting star on the DXY hourly. It's all a bit up in the air at present.
rv HexVex
quite possible, thanks for your thoughts.
Agreed, someone's looking where we should be looking.
Perfect so far :) Excellent work! Thanks!
rv HexVex
you welcome. this could be a flat abc, otherwise it may be running out of space.
Do you read minds too :-)
rv BobbyBlueShoes
ha, was trying to read what Bernanke had to say, but i gave up on that. :)
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