MEGAPHONE TOP PATTERN IN THE STOCK MARKET SOUNDS SCARY BUT NO NEED FOR DREAD $DJIA $SPY $AAPL $GOOG $AMZN $NVDA $MU $AMD $INTC $FB
A so-called megaphone top pattern in the U.S. stock market is gaining publicity — often with scary conclusions. Should you trim stocks based on this pattern?
Let’s examine the issue with the help of a chart.
Please click here for an annotated chart of S&P 500 ETF SPY, which mirrors the S&P 500 Index SPX. Similar conclusions can be reached from charts of the Dow Jones Industrial Average DJIA and Nasdaq 100 ETF QQQ.
Note the following:
• As shown on the chart, a megaphone pattern is bound by a rising trend line and a falling trend line.… Please click here or the title below to read more.
September 3, 2019