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double top breakdown, target already fulfilled, so probably still has small legs.
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SPX opening below 50d/200d/50w - 2065 & 2061. 20d 2055ish. Mind the morning gap, and the 2042-2038 from Dec 23rd. 2050.. is the minor H&S target with another possible orange one to the gap fill 2038
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Keep your eye on oil/gold.. DXY sitting on key support.. "could" drop sharply.. possible invs H&S /CL 60m making RS now.. Target $42 .. should a higher low hold and 37/75 neckline breaks.
Just a bounce or is there more to it, Uempel! Thanks for the update on your ellipses. There seems to be a major intersection coming up today/tomorrow, it seems? But it involves, piercing the black center line momentarily. How bad would that be in a thin volume trading?
uempel wrote:I'm a bit late with this comment
SPX.png
Last edited by nikman on Mon Dec 28, 2015 10:52 am, edited 1 time in total.
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2nd leg down. if it can make 100% mm then this bear shall have legs.
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