Oh dear me

[JonnyT]

Anyone else noticed the double top on the SPX?

The next day or two will set the tone for the summer IMHO.

If the top is broken then expect to see 1160 if its not then I expect 900 if not 800 to be retested.

JonnyT

 

[FTSE Beater]

Well spotted JT

Target to the downside is 905, and this after Greenspan said slim chance of deflation.

 

[2468steve]

Or could it be inverted head and shoulders?

 

[JonnyT]

Yep, but more a double top breakout if it happens to me.

The eye is in the beholder...

JonnyT

 

[2468steve]

JonnyT
Will be interesting whichever way it goes...make or break by the look of it