(Bloomberg) -- Trouble ahead for U.S. stocks? This chart may be an indicator. The "diamond formation" falls under the category of reversal patterns, where a new high is rejected. With the S&P 500 Index falling below the diamond on Thursday, this might be a signal to sell. For more market commentary, see the MLIV blog.
To contact the reporter on this story: Andrew Cinko in New York at cinko@bloomberg.net.
To contact the editors responsible for this story: Sophie Caronello at scaronello@bloomberg.net, Michael P. Regan at mregan12@bloomberg.net.
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