here we have a potential double-top reversal in the making for the S&P 500 index. considering how run up the chart is on the longer term, I'm viewing this as a potential longer term reversal signal. but we'll see what happens.
Note
pattern seems to be invalid. for a longer term reversal signal, we need to be on the lookout for a double top reversal pattern on the monthly chart, not the daily; this has been the proper signal for each longer term bear market in the past few decades.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.