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Double Top Pattern Emerges on SPX: Bearish Signals Ahead

Short
SP:SPX   S&P 500 Index
SPX

After diligently tracking the price fluctuations for the past fortnight, we reached our second peak on Friday. Close examination of the shorter time frames, such as the hourly and four-hour charts, reveals a distinct double top pattern. Moreover, this pattern receives further validation from its manifestation on the daily and weekly charts. Consequently, our attention should now be directed towards achieving our initial target of 4100 by mid-June.

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