Ecantoni
Short

SPY 60 min shaping three peaks and a domed house

AMEX:SPY   SPDR S&P 500
122 2 7
The pattern is almost perfect. However, if it plays out correctly the decline wont be a straight line, assuming 10 as potential tgt             . The roof has been built on the Ukraine Crisis and the Russian invasion of Crimea. Whats left? A catalyst to pull down this domed house of cards.
It's been a long time since i've seen anyone using this pattern... fail the last time we had the chance in SP... but does look ready to pan out this time.
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my .618 rectracement is at 187.24. if it breaks it it could be a bull day
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