Stock Market Triple Top in the Making?

STOCK MARKET TRIPLE TOP COMING?

Amidst all the chaos and confusion of the markets and the latest political shenanigans, there’s been an important pattern forming in the shadows of the Stock Market.

That pattern is a Triple-Top formation and, these are important predictors of coming strength or weakness.

sp500As you can see on the chart to the left, the last triple-top formation preceded a big break-out in prices to the upside.

This happened in early February.

Now, the cycle has lengthened out a bit and the next top could be expected in the next week approximately.

We may have already put in a higher bottom yesterday which would be an early confirmation of the higher prices to come next week. – George

  • March 27, 2015