SP 500 lower highs pattern

Posted: May 17, 2016 in Uncategorized

This is the one year chart (Japanese candlesticks) of the SP500

There is quite a similarity in the pattern before the sell off of August and January – it has always just preceded by a two to three lower highs pattern/lower lows.

Going by statistical analysis we could be in for quite a brutal June/July. Not a prediction…just a warning.

PS Not included also the first top goes in three (the top was 2,130, May 21, 2015)…so one more top around 2,080/2,100 could still be expected – but there is quite a bit of weakness around.

Capture Decreasing pattern


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s