Saturday, November 1, 2014

Alert: Possible Topping Tail On S&P 500

The markets have fallen off their highs, back to the flat line. This is significant for a few reasons. First, the S&P 500 hit the master target level of 1500 at the highs. Secondly, if the markets close flat to lower, a topping tail will have formed. A topping tail is a technical signal of a reversal of trend. In this case a move to the downside. The fact that it may coincide with the master level target is very significant.

Gareth Soloway

InTheMoneyStocks




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More on this topic (What's this?)
S&P Established Important Near-term High
S&P Short-term Overbought As It Tests Formidable Resistance
S&P Remains Confined To A Medium-term Downward Trend
Read more on S&P 500 (SPX) at Wikinvest


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