A few days ago I posted about a potential double top forming on SPX500 after a strong uptrend. Well Price has yet to break the resistance level.
It is also forming another double top on the 1hr Timeframe. I would keep my eye on this to catch the beginning of a new downtrend.
Also on the daily price shot down to create a lower low prior to this price action we are seeing now.
It is also forming another double top on the 1hr Timeframe. I would keep my eye on this to catch the beginning of a new downtrend.
Also on the daily price shot down to create a lower low prior to this price action we are seeing now.