The chart of American Express (AXP) was looking quite promising into early July, with a strong uptrend phase off the early April low. Over the last four weeks, a pullback has changed the complexion of this chart, which now appears to be a classic example of a double top pattern. Now AXP is testing a key support level, and any further weakness could confirm a bear phase in August. The daily chart features a clear double top pattern, with the early July peak around $328 lining up well with the February top at $325. Now a double top pattern is only confirmed once you have a pullback after the second peak, and AXP has followed through to the downside in impressive fashion. The stock is now down about 11% off the July high, and the credit card giant is now testing key moving average support. Am

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