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claydoctor
May 19, 2015 8:22 PM

spx500 structures repeating 

S&P 500 index of US listed sharesFXCM

Description

patterns, structures, indicators repeating, like sisters little and big. Don't know what to call it, doesn't matter. May dip back to blue support as it did before, or may take off from here. Only one thing though, watching also usdjpy pair, relates here, and that pair has triangled and consolidated, now for the third time, a similar 3 event pattern as in years past, but as it completes the third event, it corrects, maybe not this time. So although spx500 as noted, being careful we don't correct here based on currency actions. Want to see this confirm, before acting on it, and then another possible 2 to 3% higher.
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