SP500 : HS Pattern Confirmed. Target 1810
Been Watching this sell setup for long time and the right shoulder appeared in very timely manner. I believe we may see some bounce back but eventually we will see trigger to breakout neckline. We may hopefully test February 2016 lows 1810.
I believe there are lot of fundamentals in favor for this sell off and the Macros are getting battered with economic mismanagement. US might not hike IR forwarding BREXIT as reason. Coming 3-4 months we might see huge volatility due to currency wars and we just might start new recessive cycle by end of 2016.
I believe there are lot of fundamentals in favor for this sell off and the Macros are getting battered with economic mismanagement. US might not hike IR forwarding BREXIT as reason. Coming 3-4 months we might see huge volatility due to currency wars and we just might start new recessive cycle by end of 2016.
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