This may not age well, due to the extent the markets and the plunge protection team manipulate these markets, but the S&P 500
is at all time highs, and there is the potential we are are a double top
. This is just a warning to be on high alert. We made a new all time high, then fell back below, so I am watching to see if the 2950 area begins to act as resistance now on the S&P
. If so, this could be bearish
, and a signal of a larger correction coming. Next resistance likely would be the 3000 area if we continue to push higher.