An Important Top?

We were excited to discover a very short-able ‘hidden’ resistance at 1437.75 in the E-Mini S&Ps during yesterday’s weekly tutorial session.  Making this epiphany even more exciting was that the actual high at 1438.75 closely coincided with the rally target we’d used to get short in the Diamonds a day earlier.  The coincident tops are likely of more than minor importance, since it took the respective trading vehicles nearly two weeks to reach them. If we’ve shorted a major top, it will become clearer in the days ahead.  Click here if you don’t subscribe but want to join in the fun.