That's three channels, each at a higher slope. This is the marker of a parabolic blow-off top.
There is the time factor - about two months since the bottom at 666, roughly the maximum expected for a bear market rally.
There is the fact that in general, new bull markets don't start with a parabolic blow-off after the initial reflex move off the bottom, and yet we got one here - the original move off the bottom, but again here.
Those are characteristics of a blow-off parabolic top - or a bear rally, as people are sucked into being forced to cover as the market rises and the Margin Monster comes knocking. Link
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