It seems like every time the market approaches a previous level of resistance the “double top” callers come out in force. There is nothing wrong with correctly identifying this reversal pattern, the problem is that a double top has not formed in the $SPY. Look below at the chart of RedHat ($RHT)Read more
Brian Shannon, the man behind Alphatrends
Brian is a full time trader (with 20 years of experience), educator and author of the highly regarded book [Technical Analysis Using Multiple Timeframes]. Brian is best known for his technical analysis videos which are the #1 most subscribed financial videos on Youtube. Brian is an investor, senior contributor and advisor of stocktwits.com.
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