I haven't read, but I am sure every trader would be wondering if the market can finally top out with a double top here. Greece is behind us. Big employment number is behind us as of this morning. It's Friday. We had the first sell signal in 3 months just earlier this week, and we're now back-testing the old high. SPY has moved up 2.3% in the past 3 days but the MACD has been dead flat. Psychologically, the bears have been trapped once again by the red gap 3 days ago and the 2.3% rally that has ensued can be capitulatory at this stage of the game -- after 3 months of torments. Can you see perhaps the timing is finally ripe for a double top?
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