Broadening Top on The One HourSPDR S&P 500 ETF TrustBATS:SPYDegenTrades88Spy is flashing a broadening top on the 1HR timeframe. This indicates indecision between bears and bulls. Historically, broadening tops are a bearish pattern; with the inverse being a bullish megaphone, which is usually found after market downtrends. I am not recommending a position here, as it could break out to the upside, although bias in broadening tops is bearish. It is best to position small here, if at all, and wait till the market picks a direction.