S&P in double top area here. I will be a seller here, with a target of closing the little gap ES1 left several days ago.
Shorting this market needs some brass ones. But I'm taking the trade.
If TA can tell the future, it looks like CAT's earnings report will be well received. Broke a Flat top triangle and looks like it is testing the break-out. Bullish for me.
The 10yr looks like it made a cup&Handle, if it plays out, it should break the resistance line also, then I'm looking for a 50-60% retrace. So target over all looks to be close to 2.9% again. To me, fundamentals seem to support this target, as US data keeps coming in good.
