A rising wedge to a double top that Cracked! Double top you might ask? Yes. Double tops can break just prior to, at, or just above the previous highs.
Too many people make the mistake of thinking a crossing of a line means something in of itself. It doesn't. The structure is way more important. in this case, it was a rising wedge.
While you guys are seeing this late, my subs saw this setup before the crack. But I feel it is a great setup to teach even if it is a bit late.
This is obviously bad JUJU for the overall market as it stands right now.