Megaphone chart pattern

The 4 charts below highlight these bigger picture set-ups: The first chart shows the big Broadening Pattern on the SP500, the second chart shows an Andrews Pitchfork on the EURUSD, which highlights the bigger downtrend (Credit for highlighting this AP to the excellent Chartramblings blog), the third chart shows the recent Head + Shoulders pattern on the EURUSD and the final chart shows the big bearish Broadening Pattern on the AUDJPY and the recent Symmetrical Triangle.

Last week I had been highlighting some bigger picture bearish patterns across a number of markets: US Equities with the huge multi-month 'Broadening pattern', the same on the AUDJPY cross as well as the symmetrical Triangle over recent months, and the recent Head + Shoulders patterns on the EURUSD within the bigger picture Bearish trend. The SP500 rapidly gave up Friday's big jump, as did the EURUSD, and the JPY crosses (Seems like the BOJ are not really interested in a stronger JPY). Well, after a day away from the market (UK Public holiday yesterday), it appears as if Friday's moves never happened.