beautiful double top on s&p

28 Jan 2019

hey traders,

it is very interesting to watch how the price moves on spy.
and, honestly, I have a very bearish bias there.
I was looking for bearish violation of a rising wedge pattern that happened after a bullish violation of 2630 support.


now the market is closed between two levels, and we need confirmation before opening positions.

double top is the ideal indicator here,
bearish violation of its support will also mean the violation of a key 2630 level,
so I will expect further bearish continuation.

your initial target is around 2520.
the second is projected lower and based on the market low!

stop above tops

good luck!

29 Jan 2019

Nota

still between two levels

31 Jan 2019

Nota

order is canceled
the market goes higher