stewdamus

SPY Candle Close Today Confirms Blowoff Top Underway!

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AMEX:SPY   SPDR S&P 500 ETF TRUST
Traders,

There is now an amalgamation of indicators on a plethora of charts confirming the thesis that our blowoff top is now underway. On this chart, you can see that our candle close today confirms the breakout and significant move upwards.

At the same time, our dollar has broken a very significant support, the neckline of a large and ominous head and shoulders pattern (see link in related ideas).

And finally, to be short, our VIX remains at 2-year lows.

These three signals are huge and in agreement.

The Blowoff top looks to be underway.

Stay tuned if you'd like to know when we reach our targets.

Best,
Stew

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