2007 SPY H&S Top Characteristics: -Massive rising/ascending wedge from 2003 low -1st breakout of wedge is tip-off ref. mkt topping soon; returns to rest on upper trendline -2nd move remains above upper trendline until it penetrates and bounces off lower wedge trendline (establishes neckline and LEFT SHOULDER) -3rd bounce forms head and returns to lower trendline (i.e. neckline)---this is the HEAD -4th (and final) bounce established RIGHT SHOULDER and returns to lower trendline (i.e. neckline) and readies to break-down through neckline, confirming the H&S pattern