Three Charts Suggesting a Top in US Equities and in Junk Bonds, and the Resumption of a Huge Move Up in the US Dollar (by Sid from ElliottWavePredictions.com)

Sid Norris
 In Blog, GBP/USD, Junk Bonds, S&P 500

SPX ES futures contract 240m 5-7-13

Junk Bonds HYG 5-7-13

GBP-USD daily 5-7-13

Three Charts Suggesting a Top in US Equities and in Junk Bonds, and the Resumption of a Huge Move Up in the US Dollar (by Sid from ElliottWavePredictions.com). Click on the charts twice to enlarge.

The attached charts show that US equities and Junk bonds are both at trendline resistance after possibly complete terminal patterns, and the British Pound appears to have entered intermediate (black) wave 3 of a downward thrust from a 4-year long triangle vs. the US dollar.

Sid
http://elliottwavepre.wpengine.com

Subscribe To Our Newsletter

Register to automatically receive email notification of important new market analysis.

You have Successfully Subscribed!