Several of our recent articles have described major US equity indices as being in topping patterns. As we mentioned last week, the Nasdaq-100 Index (INDEXNASDAQ:NDX) looks as though it needs one more slightly higher high this season to finish the job. Now we see a similar scenario unfolding in the S&P 500 Index (INDEXSP:.INX), which may reach a […]
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Friday’s action was both expected, and a bit surprising, at the same time. The most recent correction was anticipated to be a fourth wave, and as I’ve written many times previously, fourth waves are my arch-nemesis. So with the first downside targets captured, and the upside targets now also captured, we reach the inflection point and the next trade becomes […]
