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Nasdaq Not A Double Top

By |March 2nd, 2015|Articles|Comments Off on Nasdaq Not A Double Top

Please Don’t Call It A Double Top in the S&P 500

It seems like every time the market approaches a previous level of resistance the “double top” callers come out in force. There is nothing wrong with correctly identifying this reversal pattern, the problem is that a double top has not formed in the $SPY. Look below at the chart of RedHat ($RHT) […]

By |August 20th, 2014|Articles, Education, General Blogs|Comments Off on Please Don’t Call It A Double Top in the S&P 500

S&P 500 Analysis for January 15, 2010

Please don’t call it a double top yet…  In order for a double top to form, the market has to reach resistance in the approximate level as a prior peak, which it has done.  Next, the trendline should be broken (not yet and now near 114) and most importantly for a true double top it […]

By |January 14th, 2010|Featured, General Blogs|Comments Off on S&P 500 Analysis for January 15, 2010

S&P 500 Analysis for January 15, 2010

Please don’t call it a double top yet…  In order for a double top to form, the market has to reach resistance in the approximate level as a prior peak, which it has done.  Next, the trendline should be broken (not yet and now near 114) and most importantly for a true double top it […]

By |January 14th, 2010|Featured, General Blogs|Comments Off on S&P 500 Analysis for January 15, 2010