Perfect crash pattern which matches the mid 2007 pullback, the flash crash, the 1987 crash, and more... The market still need around a month more of low volume drift up to fully set up for a massive crash. Rally volume levels, VIX, and sentiment levels are all pushing toward full confirmation of a potential 300-500 point market drop into fall/winter. Just realized this today. Hadn't noticed how we have perfectly aligned dual double up cycles forming until today... It's very rare to have a perfect weekly/monthly pattern alignment like this! Best case scenario for the bulls is that something breaks the market down into a correction soon so that a full blown crash can be prevented. Blog post: "Just wanted to alert everyone that we are going into a perfectly formed crash pattern. The exact same pattern that ended in the crash of 1987, the mid 2007 pullback, the flash crash, and moreâ¦ Both the weekly and monthly chartâs cycles are forming the exact same pattern. I have thought up a few different names for this pattern as I see them a lotâ¦ The ârip reversalâ, the âdouble stacked rallyâ, or the âparabolic last gaspââ¦ The longer the market drifts higher without removing the weak hands the more violent this market will break when a news catalyst hits. This one is also very dangerous because of the extremely low VIX, long term momentum levels, high complacency levels, and totally nonexistent volume. Everything checks out. Itâs just a caution for now, but if we continue to drift upward toward September a full blown crash becomes extremely likely. Donât worry yourself too muchâ¦ The bottom line isâ¦ When the market breaks range or has a weekly/monthly engulfing reversalâ¦ DO NOT try to buy dipsâ¦ Short trades only until it drops for a month or so, and then you can get some proper momentum readings at that point."