vict4947

SYP // Double top // A strong sales signal

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AMEX:SPY   SPDR S&P 500 ETF TRUST
SPY has now been in a rising trend, but is the trend over now? We now see in the graph, that it has made a double peak, which is a very strong sales signal, something could indicate that it should be sold out now. Generally, the whole market is in a bad trend, this week. And a double peak, is never a good signal, and I think we see a decrease in SPY now, based on the double peak that has been made.
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