SPDR S&P 500 (SPY): Ascending triple top breakout on the SPX...

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Tuesday, 04/01/2008 2:45:21 PM

Tuesday, April 01, 2008 2:45:21 PM

Ascending triple top breakout on the SPX...it doesn't get any more bullish than that on a P&F chart.

OB/OS indicators would predict a snapback to the mean tomorrow..but it may be different this time. With Europe and Asia having good gains, it may be that global sigh of relief that lasts for a couple more days. Friday might be a good day to be short.

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