Triple top and divergence developing in major indices- Dow 30 and also transports lagging. Russell bearish. FAANGs carry the market higher with no breadth. Exhaustion gap IMO.
Like I said last time, it is too early to short the market and still people want to short an uptrending market which is running on borrowed time.
AlanSantana
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@gvoommen, My intention is to let people know that it will fall.
JakubKonieczny
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@alanmasters, apparently, given all historical analogies going back to the 1950s provide less than 20% chance that it will fail here given the time already spent over 200 dma... that aside, i'm in complete agreement with your analysis.
tieuzidane
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F.A did not confirm your T.A, Let see next week!
gvoommen
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From 26 December 2018, everyone is saying it will crash today, tomorrow, bla, bla, bla...obviously nothing has happened.
AlanSantana
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@gvoommen, I will post a new update soon. More weakness is showing up, we are looking at a triple top now.