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ZY - A Double Top Forming Across All Three US Indexes


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Any chartist with the most rudimentary charting knowledge could identify the double top were seeing not only in the Dow but also the S&P 500 and Nasdaq 100.


The difference is that unlike the S&P 500 and Nasdaq, the Dow is the closest to breaking down first, confirming whether double top forecasts are correct. Were waiting to see if price will break below support at [C], confirming that a double top may indeed be in place. If that occurs, double top declines typically take around 15 days to reach target [D].


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About the author


Karl Montevirgen is an independent content writer. Having been involved in the commodities and FX markets for the last 9 years, Karl writes for several companies and publications in the finance space. 

You can view his extended profile, list of publications, and theoretical content work on his LinkedIn page. 

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