During Friday’s New York session news started being released about the ending of that weeks U.S./China trade talks and immediately the U.S. Stock market clearly visible in the S&P 500 and the Dow Jones Industrial Average made a sharp massive move up which forms a critical picture for those who read overall chart patterns of financial markets using known repetitive patterns. Also, the AUD pairs made a similar strong trend which could very well be the last wave of a bigger pattern. This pattern is now on the horizon for a critical watch for a possible long term turning point in the opposite direction. Don’t let the bullish sentiment fool you. A bigger turn in the opposite direction could be about to form very soon.
