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With the same analysis as the S&P500, both being held by the Golden Ratio acting as resistance, and also the Potential Reversal Zone of a Bearish Failed Harmonic Impulse wave. If it failed to break 18116 in the coming months, we may be up for a drop initially around 16979.
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S&P 500 potentially forming a Failed Harmonic Impulse Wave when it failed to breach 161% Golden Ratio.
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Observe 16923 support...once this gets broken, next target will be 15321
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Crude Oil $WTI forming a Bullish Crab pattern with PRZ around 60...Caveat!
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