SPX500 pattern update

FX:SPX500   S&P 500 Index
128 6 2
So we have yet another similarity to patterns of 2007, a second minor double top , more slanted down than the first, and very close pivot action related to fib numbers.
So Iran is taken off from the sanction list, means more crude oil release on the market, Oil going down?
but EURUSD going up??
IvanLabrie PRO jangseohee
Oil won't go down now...not with gold moving up, and dxy down.
claydoctor PRO IvanLabrie
on this chart... , note the second tilted double top, and where we went from there (down), to first major support, etc. Software upgrades today? can't find saved charts, oh well, you can see it there.

African oil issues in play, Yemen shipping thing could actually get worse, and restrict oil flow through canal. Iran thing is not over yet, or anything for sure, its a wait and see with oil prices and EURUSD and dollar/yen action.
+1 Reply
IvanLabrie PRO claydoctor
Correction in crude/eurusd has a week or two more, sa.e as usdjpy in my opinion.
I was working on dxy and gold, as well as a gold/crude ratio chart, and it seems that gold will outperform crude now which is interesting.
Maybe there is one last leg down pending in eurusd and crude before a larger scale reversal...this is my line of thought at the moment.
+1 Reply
where is the 2007 pattern then? ^_^
claydoctor PRO jangseohee
I will post later :) meantime, see for yourself, just put the day on, and scroll in same time frame.
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