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AwesomeAvani

SPX reversal after fall from double top

Long
S&P 500 Index (SP:SPX)  
AwesomeAvani  
SP:SPX   S&P 500 Index
Double Top or Bottom Wedge Oscillators Momentum Oscillators momentumbreakout SPX (S&P 500 Index) trendfollowing es1 SPDR S&P 500 ETF (SPY) spylong
2
1
doubletoporbottom wedgepattern oscillator momentumoscillator momentumbreakout spx trendfollowing es1 spy spylong
SPX double topped last week and then proceeded to drop.

I see a rising trend line of higher lows ( green line),

SPX is nearly to the support trendline and is also touching

the lower Bollinger Band. VWAP is not shown but

price is below it. The Momentum Oscillator shows

a rapid decrease in negative momentum.

I see this as a reversal setup

worth watching.
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