Weekend Charting and Chat - 12th August 2016, page-13

If you shift the time on spx 2000 chart and overlay on 2016 it's a good analog for current market. Saw someone post on twitter but can't find the link. Essentially market collapsed after that.

I'm not predicting collapse here but I will be cautious and protecting capital and reducing size of long positions and take sizable profits off the table if still long and wait for next dip to buy.

FT on the other hand has been calling the top this week hunting that people are ignoring risks