- Posted January 13, 2014 by
S&P has Major Top Pattern
In the weeks ahead you will probably see several proclamations of doom and gloom. This is because the market at the present time has a pattern known as Three Peaks and a Domed House.
This pattern was also present at the top in the 1929 and other important market tops. This however is no reason to panic.
In 2012 there was also a three peaks and a domed house pattern. This can be seen on the chart above. There after a decline of about ten percent took place,
the market went up to historic highs.
When the market makes the low and goes up again Innovative Geometry will show a reversal or there will probably be an Ore indicator present. Analysis with Andrews Pitchfork suggests a low in the Fall is possible.