Weekly charts for key equity indices remain bearish and will eventually overpower the daily charts which have been attempting to form a base and rally. Due to this protracted basing I was expecting a spike upwards followed by resumption of the downtrend. However due to the increasingly bearish influence of the weekly and monthly trends the bullish spike may not eventuate in which case daily charts will break down sooner.
The possible SP500 spike/rally may occur after all, along with more USD retracement (itâs still overextended) DOW chart - http://bit.ly/x618
I just wonder why the last triangle is different from the previous two? Its about drawing lines after all you can draw any line.
Research the posts this guy makes (GrandSupercycle). The large majority of them are hideously incorrect. But he makes for great entertainment. Hell, the ones in this thread - on this very page - have been all over the map.