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Night_Trader
Mar 10, 2013 1:03 PM

Double Top on hourly in the SPY ? Short

SPDR S&P 500 ETF TRUSTArca

Description

Double Top ? We are at the top of 2 longer time channels and we had a reversal bar on high volume and another reversal bar on average volume.
R/R 3:1 with target at gap. Even better with target at gap fill.
Comments
QuantitativeExhaustion
Excellent use of trend lines and candle volume analysis. I'll keep my eye on this chart
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