Triple top breakdown or does the SPY still have energy to break out higher? Headfake?
Triple top breakdown or does the SPY still have energy to break out higher? Headfake?
https://i.redd.it/1u82xbao7gjg1.jpeg
Posted by ResistFlat9916
7 Comments
Cheese_on_it on
I an learning… what is this type of graph? What do the numbers among the “x” mean?
realHarryGelb on
40% of the S&P is ‘big tech’ and those stocks aren’t doing great at the moment, that’s why the S&P is stuck. If they were to do even worse, S&P goes down, if they were to improve, S&P will do better. It has nothing to do with your tea leave reading.
dantheman2223 on
As of mid-February 2026, the SPY (tracking the S&P 500) is at a critical, high-stakes junction, battling to maintain a 2025–2026 bull run despite appearing overheated. While some analysts express concern over a “triple top” or “double top” potential in certain setups and elevated market stress signals, the prevailing view among many institutional forecasters is that the bull market has potential for further upside in 2026, driven by earnings and rotation rather than an immediate collapse.
vtsandtrooper on
Index can be stretched because of weight of top 7 without a full market wide retreat. There is no impetus to sell down non mag 7, but yea mag 7 might drag down indexes as much as they dragged them up for 2 years. Especially tsla that is a pure meme. Atleast the rest actually have real businesses
Mish61 on
It’s not constructive that we are in a period of index divergence. Market tops are a process and we have been at inflection points a few times. QQQ and NASDAQ have been rejected at converged 50/21 and is in a weak position relative to it’s consolidation range. DOW and IWM are still holding up above their 50/21. QQQ and NASDAQ need to make a new high to end the divergence and instead rallies are being sold. The odds are not in a continuation’s favor.
iwaseatenbyagrue on
Wait until Mars is in retrograde.
QFGTrialByFire on
Energy to break out requires liquidity and I think the us market is all used up.
7 Comments
I an learning… what is this type of graph? What do the numbers among the “x” mean?
40% of the S&P is ‘big tech’ and those stocks aren’t doing great at the moment, that’s why the S&P is stuck. If they were to do even worse, S&P goes down, if they were to improve, S&P will do better. It has nothing to do with your tea leave reading.
As of mid-February 2026, the SPY (tracking the S&P 500) is at a critical, high-stakes junction, battling to maintain a 2025–2026 bull run despite appearing overheated. While some analysts express concern over a “triple top” or “double top” potential in certain setups and elevated market stress signals, the prevailing view among many institutional forecasters is that the bull market has potential for further upside in 2026, driven by earnings and rotation rather than an immediate collapse.
Index can be stretched because of weight of top 7 without a full market wide retreat. There is no impetus to sell down non mag 7, but yea mag 7 might drag down indexes as much as they dragged them up for 2 years. Especially tsla that is a pure meme. Atleast the rest actually have real businesses
It’s not constructive that we are in a period of index divergence. Market tops are a process and we have been at inflection points a few times. QQQ and NASDAQ have been rejected at converged 50/21 and is in a weak position relative to it’s consolidation range. DOW and IWM are still holding up above their 50/21. QQQ and NASDAQ need to make a new high to end the divergence and instead rallies are being sold. The odds are not in a continuation’s favor.
Wait until Mars is in retrograde.
Energy to break out requires liquidity and I think the us market is all used up.