ES up 0.45% on my screen. Is this the top yet? Or should I stay long overnight with my 2000 ES contracts? Thank you.
If you permabulls could be honest, this thread is 100% correct so far. The S&P is topping at the old highs of 2000. Bravo ! Take note, b/c this prediction will come to fruition. Alot of $$ can be made as this double top forms.
I'm almost never one to make predictions based on how "high" or "low" the mkt goes but based off the price action the last 3 days, it surely looks like we have reached a top. Every rally had been sold off hard and fast and usually to new lows of the day. I dont remember seeing price action like this in quite awhile. If I was a betting man on anything longer than intraday, my money would most definitely be on the short side. Cant argue with price action.
Doubtful this time, look at how the mkt acts on every rally, this is not indicative of a continuation higher. I'm going strictly off of price action, Im not making any predictions based on my own opinions. Price doesn't behave like this when its strong.