EminS&P June & CHFJPY update and June Crude

A confluence of 2 UMLP's ( the green and yellow ML sets)) and a reaction line (not to speak of the multiple indicator reg divergence) has caused price to drift lower. To me this stinks of a major double top formation and it can be seen clearly in the 240 min chart. I have great respect for double tops or bottoms and they are among the most reliable chart formations to give you a serious chnage in direction/re-tracement. No ones knows if this is anything more than a small RT and i shall assume thats what it is but will follow price down the reaction line to the LMLP of
the aqua blue fork or to the green CL.











Oil has failed to make it to the yellow CL and has been slowly making lower Lows and lower highs. Today we should see price drift lower and fully expect eventually to see the LMLP breached.