S&P 500 Topping Tail Confirmed, Tags A Major Trendline And Parallel Channel
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In this video, I reveal the way to calculate if a chart has a bearish topping tail reversal signal. I discuss how the S&P 500 formed one, but also how it tagged a major trendline going back to October 2023 and a parallel channel from the lows of 2020.
The confluence of these factors are enough to push probability of a market top to 75%. While time will tell, the technical analysis in this video will likely help investors make probability-based decisions.
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