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I read it as consolidation overnight instead of double top, I mean I have bull's eyes so I think bias is up, but you may read it as a double top.
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"Where The Market Was
The Dow dropped 6.89 points to close at 76.23. The S&P 500 was trading at around 9.
Today, the Dow is trading at 25,702 and the S&P 500 is trading at 2,810."
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
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Pullback got close to VWAP now trying to get above EMA. Looking like this could be the day's high for a nice ugly double top in the globex charts. Clear warning to the bulls.
5 minute view same thing as POC and VWAP on top of each other.
Balanced Momentum, Derivative Oscillator, Zero Lag Oscillator and juiced RSI all on sell. Zero Lag posts it's own signals on the price chart.