As you can see they pretty much track each other tick-tick
So if i am suggesting the idea of the triangle on the AUD/JPY pair, then why cant the SPX be in a triangle???
Well it can as i will show, it works as well
There is always going to be a debate on the move from the 6/21 high into the 7/01-03 lows
Its one of those cases where it can be labelled a 5 or a 3, on the whole the move looks a 3, but the gyrations can be squared "if needed' to be a 5 if a count actually makes sense, and not forced to an agenda
The point i am trying to make is that if the patterns look and feels like a triangle on the AUD/JPY and USD/CAD pairs, then why not be looking for the same sort of pattern on the SPX/ES
As they virtually move in lock step tick-tick
The Bears see that they want to see, as do the Bulls, well i am suggesting that pretty much because of the sideways movement seen over the past few weeks, we could be tracing out a triangle as i will show in the next posting on the SPX, its got limited risk now
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