Over the last month, the S&P500 has had a sharp fall followed by a sharp rise, as have most other equity indices around the world.
Two weeks ago, I suggested that equity markets had a little further to fall and that there was a high probability that this would be followed by a short sharp rise of an equivalent but inverted gradient. This is precisely what has occurred. But where, in the short-term, could the US equity markets lead the rest of the world equity exchanges from here?
S&P500 chart patterns