Well, the double top is in...

pinkman said:
We pretty much go up everyday since 2008/09 - Make it easy on yourselves!
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:thumbsup:

And anyone started trading from 2009, going with the trend, would believe they found their magic formula and the Wall Street money machine.:finger:
 
Well, here we go again, another one spotted in the wilderness at 2806 SPX, although I don't think this market goes down longer than 1 day at a time... :)
 
Pekelo said:
Well, here we go again, another one spotted in the wilderness at 2806 SPX, although I don't think this market goes down longer than 1 day at a time... :)
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It's possible Peks, but I don't see it as MACD does not agree. You could be right but I need to see more. Reminder that we are in an uptrend.
 
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One thing in your favor is the way overbought condition that exists on daily and higher-----but there is no long term reversal apparent. Buying dips right now is what I suggest.
 
The 60 min reversal signal was yesterday morning. I bought near the low of the pullback. Is it possible that this is a triple? Perhaps but MACD says no. I'll admit if wrong.
 
As much as I would like to see continuation of uptrend, could see some sideways price action in next six months, lasting to next President elections.
 
Handle123 said:
As much as I would like to see continuation of uptrend, could see some sideways price action in next six months, lasting to next President elections.
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Are you high? Sideways price action in the next six months, and lasting to next presidential elections which is in 3 years?!? What about corporate earnings? What about historionics which show that we have no reason to go bear, unless China pulls out their wang on the yuan like they did in Aug 2015?

Well, hell, maybe you are not high. Stranger things have happened. I take it back, mostly. Aliens. James Cameron. Bugger it all.
 
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