spahtah
Short

Crash From Mid-to-Late 2016 Scenario

FX:SPX500   S&P 500 Index
400 5 2
Self-explanatory after reading other charts
My interpretation of the US equities is much more bullish. To me, so far, it has all the characteristics of an expanding impulse pattern.
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Overbought levels forming a double head pattern with tightly packed/dancing oversold levels consolidating. Backtracing this reveals an incoming downtrend. Looking at the supporting/pivot levels in the chart, we can see where this can likely lead us...

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i agree, but meaby mid 2017?
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spahtah devicemxl
Hmm... I simply extrapolated mine from the timeline of other previous head/shoulders downturns. Not sure.
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spahtah spahtah
The lines should be close at least for falling below those two theoretical pivots
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