EURO/USD Inverse H&S

Looking for more signs of a bottom... Here is one that could bring us higher tomorrow if the Inverse H&S on the Euro breaks to the upside...  inverse_head_and_shoulders.bmp   528.15KB   109 downloads Barry

Looking for more signs of a bottom... Here is one that could bring us higher tomorrow if the Inverse H&S on the Euro breaks to the upside...

 inverse_head_and_shoulders.bmp   528.15KB   109 downloads

Barry

Barry, the Dollar candle Today and the wave count indicate a few days correction on the dollar and a few days bounce on OIL before the next major drop.

The SPX will probably go back to 1160 -1175 and then the dreaded next major plunge shoud start. Initially I was of the opinion that it would likely be a wave 3 down but now I am leaning to call the next major plunge a wave 5 of 1 down (likely to sub 1000 levels) , assuming the dollar keeps going higher after its next correction. We'll have to re-evaluate 1 week at a time. I can't see past a few weeks max....with any degree of confidence.

GS.