Quote from Ditch:
The top. How did you pinpoint that?![]()
Quote from Cutten:
Look back at tuesday's trading, there is a resistance level at 1135.00 which the market could not breach despite several attempts. Also the buying seemed to get a bit panicky just now, like the shorts were throwing in the towel after the big rally up, which usually indicates a top is near. The blowoff spike up plus the resistance level were enough of a reason to go for a quick scalp IMO.