We have an all time Bearish AB=CD that finishes at 182.02. There is also a Bearish Butterfly that completes in this area. This would also go along with my view of the DIA bearish butterfly that finishes at $162.79. Once these levels are hit, we will finally see a pull back. Whether that pull back leads to more dip buying and further upside is yet to be seen. I will say though that when monthly patterns complete there tends to be a drastic reversal in the opposite direction.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.