Written by Jim Welsh
Macro Tides Technical Review 17 October 2016
In the last two weeks, I’ve discussed the large wedge triangle that has been developing in the S&P, formed by the high in May 2015 and the low in February. The lower band of this triangle is defined by the blue rising trend line under the S&P, which comes in around 2130. If it does break down, a decline to 2050 – 2070 should follow quickly.