Originally Posted by
Baa_Baa
From time to time people have pointed out the powerful uptrend, strong indicators etc Roger and a few have expertly entered and recent deep lows and ridden the now parabolic rise. But as the SP approached multi-year highs, being resistance, a TA would rightly call that out as a warning. A confirmed breakout (that's a run up from here, a pullback and back tested the breakout line, then off upwards again) would be what TA's are looking for. Otherwise buying now is just buying at a historical turning point range.