• 744 days Will The ECB Continue To Hike Rates?
  • 745 days Forbes: Aramco Remains Largest Company In The Middle East
  • 746 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,146 days Could Crypto Overtake Traditional Investment?
  • 1,151 days Americans Still Quitting Jobs At Record Pace
  • 1,153 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,156 days Is The Dollar Too Strong?
  • 1,156 days Big Tech Disappoints Investors on Earnings Calls
  • 1,157 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,159 days China Is Quietly Trying To Distance Itself From Russia
  • 1,159 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,163 days Crypto Investors Won Big In 2021
  • 1,163 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,164 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,166 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,167 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,170 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,171 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,171 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,173 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

A Double Top Test Coming Up

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

 

Back to homepage

Leave a comment

Leave a comment