The S&P has topped

The S&P has topped

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As stated before I believe this is a correction. Our swing higher as I stated earlier made a lower high and the QQQ made a double top. Charts are at the upper edge of a trend and showing signs of reversing. Not a new downtrend just a retracement. Looking for buy opportunities around 2300 or lower. Expect 2200-2250.
 
eganon69 said:
Not a new downtrend just a retracement. Looking for buy opportunities around 2300 or lower. Expect 2200-2250.
More...

Based on what we've seen since 2009, significant buying comes in at the bottom of this bull channel - so yeah, there's historical context for your expectations.
 
Did anyone else take note of the fact that this bull market started 3-9-09 and now is making a short term top (I believe) the first week of March?
 
OK, time for another prediction:

This one is based on the NDX because the 2 indeces are showing a bit different pictures. Tomorrow the NDX will make a new top at 5420, because there is a dragon formation present and that is the level what the math gives (5360+60), not to mention the upper BB on the daily...That should be the very top of this run, dragons are at the very tops or bottoms.

Well, prediction has been made, now let's get my popcorn, just sit back and wait... :)
 
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