Market Toppy? I Think Not!

[Corso482]

The S&P and the Nasdaq look purdy as hell to me!!!

 

[Corso482]

and the Nasdaq

 

[VisionTrader]

Supported by Monthly. Bouncing off a double bottom, especially.

 

[inandlong]

Quote from Corso482:

The S&P and the Nasdaq look purdy as hell to me!!!

The chart discounts about 5 days of trading. There are three closes and two opens that have been ignored. I start the lower boundary where you do, but have it drawn horizontally. It encompasses all but the long tail.

 

[Kicking]

I think every trader(including me) or chartist has assumed the current rally is part of a bear flag, or return to the so called giant head and shoulders neckline. Well why couldn't the S&P print a giant double top, or go back to the 1160-75 area(huge resistance there)?

 

[murray t turtle]

Quote from Corso482:

and the Nasdaq

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QQQ looks like reasonably strong uptrend;
tends to be the strongest of the 3.

 

[Sardo_Numspa]

10,200 by end of year.

 

[ttrader]

Quote from Corso482:

The S&P and the Nasdaq look purdy as hell to me!!!

pur... - what ?


ttrader