Well, the double top is in...

pauk said:
never play 'double tops' on something like the ES! Will break up higher 90% of the time
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That depends on the context. Intraday trading of the ES can be short or long and profitable both ways. DT, triple tops, cuadruple tops...ad naseum..wedge tops...wedge bottoms...channel tops..channel bottoms..BO's north and south ....all tradable in ES
 
volpri said:
That depends on the context. Intraday trading of the ES can be short or long and profitable both ways. DT, triple tops, cuadruple tops...ad naseum..wedge tops...wedge bottoms...channel tops..channel bottoms..BO's north and south ....all tradable in ES
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Even intraday patterns, shorts are always very low odds
 
Pekelo said:
With nice RSI divergence, at 2759 SPX or 2760 ES. I would expect at least a 10 points pull back...

RSI was 90 at the first top and only 60 this morning.
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Definitely a counter trend trade in an uptrending market. There may be some value here as your 10 would get us back to the 20 hour average on cash chart. There is no question that cash rules futures. For me I would be looking to buy the dip where your trade exhausts it's momentum.
 
pinkman said:
We pretty much go up everyday since 2008/09 - Make it easy on yourselves!
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Yup higher swing highs than lower swing lows. Drop might be quicker but a helluva lot shorter.

Probabilities and dollars on your side. But some like to make it hard on themselves.
 
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