weird wacky week, page-19

Well I'm gonna stick my neck out a little here, but as my old man used to say...
"Behold the turtle, for he only maketh progress when his neck sticketh out"

For a start... lotsa volatility last night around the current area on SPX500... big bull versus bear battles going on...

I am currently seeing a set of patterns occurring (5 min to 10 min chart) on the SPX500 (IGMarkets) which is similar, though faster to what occurred on 8-15th

If my interpretation of these patterns is correct, then we could actually see a retest of 1370 on SPX500 in the timespan of a day or two (as of now...)

I am uncertain about patterns repeating so soon so this is conjecture...

However, in support of said conjecture the XJO futures (Aussie200 IGMarkets) is currently confirming this pattern... suggestion being heading up to around 5430-5450... possibly today or today + o'night.

The potential if we then get a break through the 1370 mark then suggests via a larger version (longer timespan to 5 10 min) suggesting 1410 is possible sooner than a figure lower than 1330...

I could of course be quite wrong, with possibilities of 1300 also on the cards if spx500 pattern breaks.

I can chuck up some charts when I get home, at work at the mo so limited in capacity. let me know if interested...

;)