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.

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...

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