CLICK ON CHART TO ENLARGE

A rising wedge at a potential double top should be respected for sure!!! A breakdown HAS NOT taken place at this time, yet the bottom of the rising wedge is getting its first true test right now at (2)!  Will be watching this key price situation very closely. It could turn into a good opportunity to score on defense!  Deja Vu at hand?  (see post here)

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past