A Double Top Test Coming Up

By: Marty Chenard | Wed, Feb 18, 2015
Print Email

Double tops are considered formidable formations because it is where a security was stopped twice while being unable to breach the resistance level to the upside.

When a third attempt is made, pay attention to it because an important breakthrough or failure is at hand.

And so it is with the NYA Index now.

Yesterday, it closed at 11054.40 and the current bias favors moving above the 11068.5 resistance level and then the grand double top resistance of 11108.39 has to be resolved. Bottom line: Keep a careful eye on the NYA Index now.

NYA Index

 


 

Marty Chenard

Author: Marty Chenard

Marty Chenard
StockTiming.com
Asheville, NC 28805
Tel: 828-296-1200

Marty Chenard is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools and stock market models. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.

StockTiming.com is dedicated to Stock Market Investors who want the best information on stock charts, stock market trends, stock market timing and technical analysis.

Be My Guest and Take Advantage of Our Free Membership ... Get a Free Membership to StockTiming.com ... Youll receive important daily messages before the market opens and direct links to todays important web pages. Information and messages that are often not posted on our website. There is no obligation or expectation on our part ... it is just our way of proving our accuracy and timing expertise to you. Please click here for your Free Membership.

Copyright © 2006-2017 Marty Chenard

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com