Trades,
I don't like that double top. Typical 2(b) pattern that Trader Vic talks about. The sell in May theory may have moved one month forward. Will be looking to see if she heads back up - but odds are looking like a follow through back down. The 21 RSI is flirtng with the 50 line - lots to see here.
Thanks.
What are your thoughts about the Euro? I read a blog that suggests shorting the Euro as a proxy for shorting the SnP.
Best!