This is the one year chart (Japanese candlesticks) of the SP500
There is quite a similarity in the pattern before the sell off of August and January – it has always just preceded by a two to three lower highs pattern/lower lows.
Going by statistical analysis we could be in for quite a brutal June/July. Not a prediction…just a warning.
PS Not included also the first top goes in three (the top was 2,130, May 21, 2015)…so one more top around 2,080/2,100 could still be expected – but there is quite a bit of weakness around.
investorpolitico 