Inverted Cup & Handle on SPY!State Street SPDR S&P 500 ETFBATS:SPYcathirzelAnalysis suggests a potential long-term, large-scale inverted cup and handle pattern is forming on the S&P 500 chart, which is a bearish signal that can precede significant declines. This pattern, characterized by a rounded top (cup) followed by a consolidation (handle), appears to be forming.