possible pump up before the next jobs report then decline
i expect lower high, spx 60min has double top (unconfirmed until support neck broken)
If DTL resistance is broken higher, then I would probably cover some shorts and re-enter, but for now I remain short in expectation of the double top break lower (short entry is an early entry. will add more shorts on bounce up to trendline, and again on break of neckline, and again on any backtest of neck. I would cover any shorts if the spx begins to move over the neckline).
I expect the bearish scenario to unfold, but if SPX starts to rise over its DTL, then I would go long, and cover on a broken backtest (or add more longs on a successfull backtest)
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
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