S&P500 Intraday Chart - Double Top

POSTED BY Swing Trader on Sep 7 under S&P 500, SPXU

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!The S&P 500 intraday (15 minutes intervals) would indicate a double top if the futures this morning hold and we open lower.

We have been in a trading range on the S&P 500 between 1,040 and 1,100 and it looks like [...]

S&P 500 9/5/10

The S&P 500 closed up Friday, September 3, above the resistance level of 1,100.  If the SP500 can hold this resistance, the next level of resistance is the 200 day moving average of 1,120 and then 1,140. 

The resistance at 1,140 is also the right shoulder of a head and shoulders patter, which has not been [...]

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