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GarethSoloway
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Chief Market Strategist Gareth Soloway has been an avid swing and day trader since his days at Binghamton University where he studied Economics. After college, Gareth quickly excelled as a financial advisor, helping clients get their financial houses in order. While helping others gain financial... More
My company:
InTheMoneyStocks.com
My blog:
Pro Traders Rant & Rave Blog
  • S&P 500 Breaks 2,000: One Signal That Suggests It Is A Top 0 comments
    Aug 25, 2014 1:29 PM | about stocks: SPY

    The S&P 500 broke 2,000 this morning. Since then, the markets have rolled over and are now back below that key level. Could this be a top? One signal that suggests we are near or at a top is a topping tail that is forming on the daily chart. Topping tails are extremely bearish signals of a top in place. Essentially it shows that weak money bought the market early and then institutional money sold into it, pushing it back down. Please note the chart below.

    Gareth Soloway

    InTheMoneyStocks.com

    Stocks: SPY
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