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Tag: Double Top

Nasdaq Not A Double Top

Posted on March 2, 2015 6:47 PM alphatrends Articles
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Please Don’t Call It A Double Top in the S&P 500

Posted on August 20, 2014 7:23 PM alphatrends Articles, Education, General Blogs
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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 … Read More

S&P 500 Analysis for January 15, 2010

Posted on January 14, 2010January 14, 2010 10:44 PM alphatrends Featured, General Blogs
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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 … Read More

S&P 500 Analysis for January 15, 2010

Posted on January 14, 2010 10:44 PM alphatrends Featured, General Blogs
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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 … Read More

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