claydoctor

SPX 500 pattern update

Short
FX:SPX500   S&P 500 Index
2
So today we set up a completion of yet another three driver pattern, if we indeed head down to 204 (ish) in the next day or two. The similarities are freaky between the three drivers, and the 2007 pattern repeat probabilities. Have not changed any position because of today's bump. Watching to see if this pattern completes. The 204 level is key whether we hold or not. Alcoa reports Wednesday, a big day, either way, sets the tone, and this year especially the move in commodities overall. Is oil heading to the 30's or not?
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.