double top on ES1098..SPX 1100 is a formidable resistance..market rally from oct 1 has been sigficant..all pointing to pullback...watch ES1075 though..
Mav, andi, 1100 level has become resistance (last achieved on 10/03/2008 prior to this week) but you're still early on your call for a mkt top. 1120 remains the magic number and should occur sometime between the 27th and 29th day of this month. My indicators (Carl included here!) are all in agreement, what is not known is whether we will breach that level and continue up or perhaps collapse to the dwn side from there.
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double top on ES1098..SPX 1100 is a formidable resistance..market rally from oct 1 has been sigficant..all pointing to pullback...watch ES1075 though..
I was going to say exactly the same thing. I think we've double topped.
Mav, andi,
1100 level has become resistance (last achieved on 10/03/2008 prior to this week) but you're still early on your call for a mkt top. 1120 remains the magic number and should occur sometime between the 27th and 29th day of this month. My indicators (Carl included here!) are all in agreement, what is not known is whether we will breach that level and continue up or perhaps collapse to the dwn side from there.
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