The failure to take out the late Jun. high of 1985 today has the average toppy. It may smoothly
blow above 1985 as the week progresses, but a nearly month - long double top signals more
attention from you if you're a player since these minor fails can sometimes herald that a little
trouble lies ahead. SPX Daily
- Peter Richardson
- Retired chief investment officer and former NYSE firm partner with 50 plus years experience in field as analyst / economist, portfolio manager / trader, and CIO who has superb track record with multi $billion equities and fixed income portfolios. Advanced degrees, CFA. Having done much professional writing as a young guy, I now have a cryptic style. 40 years down on and around The Street confirms: CAVEAT EMPTOR IN SPADES !!!