Is S&P forming intermediate term double top?

[joe4422]

That's what every said before the market crashed. We're in an up trend until the market crashes, After it crashed for a few weeks, then we'll be in a down trend. What good is it waiting for the trend to be established. Just buy some shit long, and take a short position with a small stop around what might end up being the double top.

 

[fly down]

Quote from joe4422:

That's what every said before the market crashed.

Right. Alot of bullishness arising now. ET is usually relatively bearish but look at the poll this time.

 

[fly down]

Quote from S2007S:

Out of 13 sessions the nasdaq is up 12!!!!!!!!!!!!

Absolutely no stopping this rally.

Posts like this end rallies.

 

[fly down]

fly down 3rd

 

[Nexen]

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.

Why are you saying double top because we are retesting resistance ? heh

 

[fly down]

Quote from Nexen:

Why are you saying double top

Sayin double top bc that's what it is between the April highs and now.

 

[suriNotes]

Here is SPX X5 pattern (5-point patterns, Gartley variations) with Reversal Zone price Clusters..

Regards,
Suri

 

[fly down]

Quote from suriNotes:

Here is SPX X5 pattern (5-point patterns, Gartley variations) with Reversal Zone price Clusters..

Regards,
Suri

Thanks Suri. The double rop looks quite uniform on your chart.

 

[HeSaidSheSaid]

Santa Clause will ride his reindeers to the top [1300]. probably, we might have small correction here ramping down 1200 level, but Santa Clause has hidden his cookies at 1300

 

[fly down]

Quote from HeSaidSheSaid:

Santa Clause will ride his reindeers to the top [1300]. probably,

Yes alot of bullish sentiment forming and the expectation of xmas rally only add to sentiment.