The S&P500 index has made another peak B, higher than the first peak A.
If prices fall below the level of the first peak A, this is a signal to sell and expect a completed Double top reversal pattern (or as Vic Sperandeo calls it '2B pattern').
If prices fall below the level of the first peak A, this is a signal to sell and expect a completed Double top reversal pattern (or as Vic Sperandeo calls it '2B pattern').
Commentaire:
Also, on the monthly chart, you see a significant negative 'RSI divergence pattern' with respects to A to B peaks.