On March 29th the Power of the Pattern shared that an indicator was suggesting the S&P 500 would fall at least 7% in value (see post here) This indicator is the Australian Dollar/U.S. Dollar ratio….when it breaks support, the 500 index often follows. The last three times this index broke support the 500 index fell 8% twice [...]
CLICK ON CHART TO ENLARGE Since last August, bullish falling wedges have led to rallies in the Australian$/U.S.$ ratio and in turn, the 500 index has moved higher along with the ratio. Over the past couple of months the AUD/USD ratio has formed a bullish falling wedge and in the last 4 days the [...]
CLICK ON CHART TO ENLARGE Shared the above chart with Premium Members on 3/14, reflecting that each time the Australian Dollar/U.S. Dollar ratio broke support over the past 10 months, the S&P 500 fell at least 7% in value. Below is an update to this above chart, reflecting that the AUD/USD ratio continues to break [...]
What are these Bears talking about? These “Currency Bears” have been asleep of late, are they about to wake up? CLICK ON CHART TO ENLARGE Two days ago the Power of the Patten shared that if history was a guide, the AUD$/US$ ratio was signaling that Commodities should be heading lower. (see post here) [...]
CLICK ON CHART TO ENLARGE The Australian $/U.S. $ ratio has a decent batting average, per predicting the future direction of the CRX Commodity Index. At this time the AUD/USD ratio may have created a double top and broken key support at (2). At the same time the CRX index looks to have created a [...]
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