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Falling Wedge Break -> Double Top

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S&P 500 Index (SP:SPX)  
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SP:SPX   S&P 500 Index
Wedge Double Top or Bottom SPX (S&P 500 Index) S&P 500 (SPX500) SPDR S&P 500 ETF (SPY) DXY dollarindex Falling Wedge Double Top
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wedgepattern doubletoporbottom spx spx500 spy dxy dollarindex fallingwedge doubletop
SPX broke out of a falling wedge on the weekly, and is headed for the same ATH.

It could reach a new ATH at its 1.5x measured target (not pictured above), but I would expect the double-top to play out should DXY move up above 105 and head towards 118-122.

Long until we hit the double-top, then short.

Market Recoveries: be Wary of DXY

More related ideas and previous posts linked below.
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Further evidence of a same ATH target with a bullish break of a rising wedge here:

snapshot

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