Double Top or Candle - which is the bigger signal

I love these types of threads in which people talk about what's on the chart but there are no posted charts.

wrbtrader

 

I'm never going to short a major US stock index, and especially not the Nasdaq.

 

For the long term picture I switch over to the cash indexes and all is good. No double top/bearish bar in sight and likely won't be for as long as Fed QEnternity is in effect.

 

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David's Faith;
WITH the possible exceptions of SEPT sell offs.........., even a weekly green or red topping tail tends to be bullish in an uptrending bull market.[ weekly topping tail candle looks like ''T'' except inverse]
I may do an inverse ETF, but mainly that keeps me from unprofitable meddling with my longs like TQQQ,QQQ SPXL.....
Inverse[ bear] ETFs profits mostly on profit spikes, adding to profit complexity.
Its like a 77 billion dollar money manager said in WSJ /a bull market tends to go much further than we think. Exactly + i study trends a lot................................................
AND when you get even a good red candle weekly sell off; seldom follow$ thru much on downside next week.

 

Even the Unicorn disappointed...don't fight the Fed