S&P 500 Double top in the making

SP:SPX   S&P 500 Index
1034 10 2
Sell in May, put your shorts on and get away!
either Double Top or we break resistance for few days and make an attempt at a Head and Shoulders.
Gold and Silver coming down badly, Manufacturing struggles as Australia seeks to rebalance
Financial Times - 1 hour ago
Leclaireur Leclaireur

Economic Times
Industry sees no way out of manufacturing slump
ABC Online-2 hours ago
China APR PMI down 50.6 fm 50.90 (forecast 51): China is slowing, Europe in recession, US slowing..maybe not in may but in june certainly (80% of my Put spy, call vxx)
You are wrong. It will be buy in may and sell in june.
Leclaireur spytrade
Why would the market behave differently than the past 3 years? Its always corrected seriously starting from May 1-6 and this year its been going up and up for months and months.
spytrade Leclaireur
Everyone is looking for the double top and you know the market doesn't give you anything. They will probably push it up which will cause short covering all the way to 1650 and and we drop from there, probably in june. Do you think bernanke and ECB will disappoint? Honestly, i'm short at the moment and getting burned. Will have to bail with big losses after 1600, hope it doesn't shoot too far too fast.
Leclaireur spytrade
Like I said, Bernanke didnt kill the last 3 'Sell in May' even tough he was printing money!! And secondly, Tokyo's futures are already down 1% for tonight!
Puts spy & Calls Vxx ready, even iron man will fail against this pattern :)
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