A likely bottom has been found for the US Dollar Index. I'm labeling the down trend as a triple zigzag. It subdivides the easiest, although other labeling techniques are also acceptable. More importantly, the second wave has retraced a Fibonacci 61.8% from the high. A guideline for a second wave retracement which sports a zigzag or zigzag combination pattern. The reaction from … [Read more...] about Pump Inbound for the Dollar Index
triple zigzag
Will the S&P 500 Dump Hard?
After my last S&P 500 analysis we left off undecided whether the market had bottomed or not in October. It is clear to me now that the reaction off of that October low was only a corrective climb that now appears to be complete. I am predicting the next logical chart formation to be an impulse wave down to fresh lows which will complete the final leg of a much larger triple … [Read more...] about Will the S&P 500 Dump Hard?
