Quote from fly down:
The high in April was 1219.8
It is my belief that the S&P is forming an intermediate term double top around 1220. This does not mean it will not go abit higher than 1220. I think the formation now is in the process of forming a top.
So should zig zag abit around 1220 as the top forms.
This is not a 50/50 guess. Double tops on the S&P have always proven to be reliable , consistent working patterns.Quote from Scataphagos:
In spite of Nine Ender's denigrating comment, the SP is POSSIBLY forming a double top at 1220-ish. It's technically and strategically reasonable to play for same.... it's one of those things you "guess at".