When Will These Markets Turn?
02/25/2015 7:00 am EST
Christopher Terry, of iMarketsLive.com, shares a video in which he reviews the S&P 500 futures as it starts to form a harmonic butterfly pattern on the daily charts and he also highlights a key resistance zone to watch for a currency pair.
The daily chart for the S&P 500 Futures is starting to form a large harmonic butterfly pattern with a key area to watch for resistance over the next eight to ten points. The completion point comes in around 2119-2122, so from this point going forward, traders should start to see resistance come in and the market could start to turn.
By Christopher Terry, Contributor, iMarketsLive.com