Of the 5 most reliable chart patterns, the triple top is in that list. This is not a perfect one, but pretty close, close enough for me. Oil is the stick that stirs the drink right now, and I will post a XOP chart next, to support that I think Oil stays within a trading range, of which it is at the top of now. Both SPY and OIL are at the top of their ranges, with other indicators saying they need a rest from this run up the hill, and their consolidation triangles have not reached apex, and when they do, or if they break out before, it really could go either way (which just strengthens VIX) . But with OIL bulls panting at the chance to go long, or see their recent buy longs pay off RIGHT NOW, their anxiousness will be their doom, and they will get caught long when this OIL run dips down back to the bottom TL of the channel or worse. Worse because of the GREED factor, with so many chomping at the bit to get in at the "bottom". STILL TRYING TO CATCH THAT FALLING KNIFE HEY PEOPLE? Ah, Ah, Ah, maybe should not have tried that. I could be wrong, and if I am you will be lucky someone stepped in to manipulate this, behind the scenes (yet again), and you will breath big sigh of relief. Hedge fund guys I know are betting long oil for sure, big time. Imagine the size of the money being wrong, and what that would do? Anyway, bottom line, this triple top down to the long term TL is setting up pretty good to happen here, which would confirm the triple top measured move, and it doesn't have to complete to get there, and it may in fact confirm the triple top target, and ignore the long term TL (which would really mess with the buy the dippers planning on buying when it hits that RED TREND LINE. Also supports my belief that VXX is ready for a significant pop up, maybe past the previous tops (SPX500 valleys). Its a lot of working trading these days, not for the faint at heart, but the risk rewards can be worth it, here's wishing you are ON THE RIGHT SIDE OF THE TRADE. For more info, bulkowski, triple top explained: thepatternsite.com/tt.html