The bulls eliminated the potential head and shoulders pattern by trading above 1081 with conviction. The SPY's gapped up at the open and continued higher all day, closing near R-4.
The bears will have to hope for a double top but cannot be too encouraged because the Dow pushed well above the double top area and closed at new rally highs. The QQQQ's and IWM's may hit a roadblock at triple top areas. If this coincdes with the S&P 500 hitting the double top area, the bulls may be forced to take a rest.
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