Butterfly pattern on SPX
This has overshot my expected sell level a little but it looks like this might become a false breakout and we'll be into a butterfly pattern. Butterflies often can come with news events, so I'd not be surprised to see something of that nature. We need to get back down under 4350 but if we can get to trading 4330 sort of price I think it's highly likely we'll go on to trade under 4170.
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