SPX500 - Completing a multi year pattern FOREXCOM:SPX500 After this big run up from October last year we are getting close to some serious headwinds. The major ABCD Pattern comes in a little higher around the 5220 area where there are multiple smaller TF patterns completing. I will post them after to show target areas.
This ties in with the DXY completing an ABCD rally. If that turns lower then this run might continue a bit longer.
Friday after a bearish Thursday is generally Bullish so watch thos key levels around 5220 later this evening.
A break of yesterdays lows will open up the possibility of more weakness and a deeper correction..
Enjoy the day.
