Anyway, I posted the following on xSetups last night
So far, correlation is high. But there is a longer story to this picture than what is written on the chart. The story is, that such patterns mark important tops that lead to multi week selloff.
Below is Composite Index, weekly, currently trading above the horizontal resistance. Since today is the last day of the week, it will pull back below the line by the close.
Also the following chart of Money Watch Index clearly shows what sort of round top the market is forming here.
