The S&P 500 has taken out initial support, boosting the case for an emerging double top, while the US Dollar has nullified a bearish chart setup. S&P 500 – Prices followed the formation of a bearish Evening Star candlestick pattern with a break below rising trend line support set from late July, reinforcing the case for a double top at 1466.10. Sellers now aim to challenge support at 1422.40, a barrier reinforced by the bottom of a rising channel set from early June (1419.00). A break below that exposes the 1400 figure. Trend line resistance is now at 1454.80. CRUDE OIL – Prices are testing minor falling trend ... (full story)