Tag Archives: Pattern

Déjà vu All Over Again: Is the S&P 500 Stuck In A Sideways Trading Pattern?

“Maybe God isn’t omnipotent. Maybe he’s just been around so long, he knows everything.” For those who may be familiar with the movie, the above quote comes from Bill Murray’s character Phil Connors in Groundhog Day. For those who are not familiar with the movie, it is about a weatherman (a rather not nice character […]

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Bump, Bump, Bump? A Triple Top?

For those of us who like to watch chart patterns there is a very interesting (and worrisome) pattern developing in the S&P 500 – the dreaded triple top chart pattern. As can be seen in the chart to the left, the S&P 500 is fast approaching a triple top pattern. The significance of such a […]

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