The S&P 500 has topped at 2430 on 6/1/17

The S&P 500 has topped at 2430 or is within 22 points of topping


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Your entire post is precisely why volente has called a top
He's kind of right. Read the ESjournal for the last decade, and you'll see almost all consistently losing traders with a general short bias. They typically get blown out every 6 months or so and replaced with new traders who post in the journal and who also keep shorting and blow up. There's been a general bias of ''we are too high!!'' since about 1000 ES. I am certain we'll have people shorting like mad at 2500ES and 3000ES for the same reasons.
 
I like how this is looking for a retracement lower. Not a top call, FWIW I am not seeing a top on longer term charts ATM.

Screenshot_20170721-115646.png
 
Getting close to an oversold point where we tend to get a 10-20 point rally or so.
Hoping for a little more fo a drop befor entring long for that bounce
 
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