Normally the overnight US stock track Asian stocks.
What happened in the Hang Seng ( HSI ) exchange is very interesting. It appears to have been forming an
Horizontal Triangle from 1/29/18 - confirming the SPX pattern. It may have completed its triangle last night bottoming in
the area of three Fib coordinates. I will have a post about the HSI later.
The SPX decline on 4/13/18 was in a clear three wave pattern.
Today the June E-mini contract is nearing the 4/13/18 high.
If today the SPX moves above its 4/13/18 high at 2680.26 it could be very and strongly imply
its Horizontal Triangle is complete.
I will have updates about the SPX later this week.