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Topping pattern fractal from 2007

Short
SPDR S&P 500 ETF TRUST (AMEX:SPY)  
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AMEX:SPY   SPDR S&P 500 ETF TRUST
Chart Patterns SPDR S&P 500 ETF (SPY) S&P 500 (SPX500) SPX (S&P 500 Index)
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chartpattern spy spx500 spx
If this played out, it would give one more higher high, before we likely enter a recession.
With a huge number of shorts/open puts on the market, it's not out of the realms of possibility that we wipe all of these out before really going down.
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