Top Formation in S&P
Top Formation in S&P
By Mike Paulenoff, www.MPTrader.com
By Mike Paulenoff, www.MPTrader.com
Notice the potentially massive top pattern that has formed on the S&P 500 Depository Receipts (AMEX: SPY), which is in stark contrast to the still viable uptrend pattern evidenced by the Nasdaq 100 Trust Shares (NASDAQ: QQQQ).