Classic Double Top on Nasdaq

classic double top on the Naz and a classic reversal yesterday. Also a classic negative divergence on the RSI .
the naz has much further downside.

 

Does this mean the stock market has peaked?

 

Yes, I believe it does. for now.

 

At what time frame you see double top? I assume the hourly chart?

 

Positions or ban

 

the daily chart.

 

I mean your position. Shorting after a big move will lose you money and calling a double top is hindsight bias.

 

Maybe in some other degenerate community, but not in here.

 

This community is the most profitable one I've ever seen. No one ever loses any trades, ever.

 

https://www.elitetrader.com/et/threads/taking-76k-to-500k-by-year-end.87977/

But even if it was true, that which you wrote above, even then, it would be wrong to ban, just for that.