Top In?
It appears the top may finally be in, for a potential market cycle change.
There were many times where I thought It could be the top, but they were very premature. We have broken down quite impulsively and closed below the channel with a 4hr candle. Now we are back testing the channel in the middle of this critical earnings season. Reporters will need to say something is causing this crash, so maybe they'll blame it on the virus or whatever else is convenient to use. We have extended our triple bearish monthly divergences to a point of extremes. This is the first strong signal we have seen so far.
There were many times where I thought It could be the top, but they were very premature. We have broken down quite impulsively and closed below the channel with a 4hr candle. Now we are back testing the channel in the middle of this critical earnings season. Reporters will need to say something is causing this crash, so maybe they'll blame it on the virus or whatever else is convenient to use. We have extended our triple bearish monthly divergences to a point of extremes. This is the first strong signal we have seen so far.
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