The S&P has topped

If you look at the 30mn bars and the Bollinger, the Dow looks like its ready to leg down. But looking at the same scenario in the NQ, it looks to be wanting to go to the stars. That leaves the ES looking down and than up unsure of which way to go? I'm staying on the side of strength or weakness, if its a bull play, its NQ. Bear play its the Dow.

 

I have no idea if it's a top, but I just throw these out there to look at:

 

Hindenburg Omen:

" It was promoted by Jim Miekka, who gave up on the theory that it portended a stock market crash in 2010."

Just wait until I post the Pekelo Omen...

 

Since the ES went 4 points higher after the close, the S&P effectively has a new top. But we might have to wait until Monday to make it official....

 

Now it is official, the thread started was wrong...

On the other hand on the weekly chart, double top with RSI divergence, also touching the upper BB.

 

how long has it been since a 10% correction? feels like years

 

ES did not make a new all time high until Sunday's open, not Friday afternoon. In addition, the OP suggests 2426 as the point where he would be wrong, not just merely a new high. --additionally, the SP hit is downside target before hitting upside target so he ended up being correct on this call.--

 

"Its a top until it's taken out"

 

That is his prerogative to do so, but facts (it is either a top or not) and English grammar (has topped) prove him otherwise.

 

They just places a $200+ price target on Apple which would value the company at $1+ trillion dollars.....
We all know that a gigantic part of Apple is iphone sales, that's where they derive most of their revenue from, but what I'm thinking is that in probably the next 5-10 years smartphones will probably be obsolete as there will be some new kind of technology that we can use in order to to communicate and get our information from...most likely hologram type of device or virtual reality ...who knows, but what I'm saying is that if Apple doesn't innovate right now at this moment to create that next technological movement they will fail...and I'm only saying this because without the iphone ever existing Apple would just be another Dell or HP...the company value would probably be worth no more than $75 billion.....