Thursday, November 14, 2013

Market's Last Gasp

This move higher might not last the day and I am almost certain it won't last until the end of the month. The extremes in the markets are rivaled by only a handful times in history and all of them were multi year (sometimes decade) tops. I could post a hundred charts that show the exact same situation technically. But all I need is two of the most important stock market index.
S&P 100 Lifetime

S&P 100 Weekly

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