Peter Brandt: It’s 1…2…3 strikes you’re out!

"The S&Ps have a possible topWhen it comes to classical charting, it is always best when a multiplicity of developments occur. Such is the case in the S&P right now. There are three (if not four) chart developments that could support an important change in trend.FIrst, the late April breakout from the 9-week cup and handle pattern has not resulted in follow through. The top of this pattern was