Replies to post #213766 on SPDR S&P 500 (SPY)

[risk on]

You've got it right man, IMO. More clear oscillations of the " megaphone " : " broadening top " pattern ( filet mignon : tenderloin ). That same spirit of Up/ down / up / down at the top , with a widening range ( as we have seen lately) , can be seen in many a set up before a bigger move. The move could go further up, just like you forecast , but ultimately results in a more amplified down leg. No guarantees, but certainly looking like the set up.