Is S&P forming intermediate term double top?

you can forget about 1300

 

An S&P index double top has proven time and again to be a most reliable pattern.

 

Expiration week hopefully will have volatility, but doubt it can push the S&P close to the double top at S&P 1220.

The double top continues to form.

 

no offense, sir but you said something similar to that about 1200.

 

In spite of Nine Ender's denigrating comment, the SP is POSSIBLY forming a double top at 1220-ish. It's technically and strategically reasonable to play for same.... it's one of those things you "guess at".

 

This is not a 50/50 guess. Double tops on the S&P have always proven to be reliable , consistent working patterns.

 

Who said it was "50-50"? Certainly not I.

 

I apologize sir.

Your comment "its one of those things you guess at" was misunderstood by me that you implied it was a coin flip or "guess".

 

in two years we have had a dozen double top failures.... and not one succeed

 

This one has and will