KevinT
Short

Triple top

BATS:SPY   SPDR S&P 500 ETF
132 12 0
-Triple top confirmed
-Strong bearisch indicators
-Negative divergence
Plus: Breach of channel.
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Kevin

How accurate are triple tops with more than 3 degree neckline support?
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KevinT QuantitativeExhaustion
snapshot
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Look at the previous tripletop in 2011. This one is an exact clone. The similariteis started even before the 1st top. Look like pregrogrammed.
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Well then it's not a triple top, but an ascending wedge.
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KevinT QuantitativeExhaustion
Just give it a name. But the result is the same: major correction.
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Actually the ascending wedge top is usually a bullish continuation
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Check the Dow. It'ss more obviouse there. Even scary.
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I'll check out DOWT and DOW
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I made a chart somewhere else which surely WILL convince you. Anyway I can attach it here?
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yeah.. include chart in attach chart tab
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Wait. Gotta trade Asia now :P
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