spahtah
Short

Crash From Mid-to-Late 2016 Scenario

FX:SPX500   S&P 500 index of US listed shares
399 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.
snapshot
Reply


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...

Reply
i agree, but meaby mid 2017?
Reply
spahtah devicemxl
Hmm... I simply extrapolated mine from the timeline of other previous head/shoulders downturns. Not sure.
Reply
spahtah spahtah
The lines should be close at least for falling below those two theoretical pivots
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out