Hy breadth-bulls, what I' m seeing here is the spx going to test for the last time area 2200 and then.....bingooooo. The dax has reached my target area 10800 and possibly will re-test it before starting to fall and in the meanwhile everything is aligning with an end of month's important top, in my opinion the TOP marking the end of the bull market. Given that there are the elections, I would say we drop down to spx 2000 in september, we bounce to 2100 in oct early nov and then bye bye. This is the road map I think most probable. This is not based on breadth measures but simply comparing europe to the usa. To compare and reasoning on the comparisons' results to me is better than anything else. Anyone has got his own way..........and I have always found mine.
This picture I have described needs obviously confirmation and I' m confident that an indicator I adopt on the spx. will soon provide it
Edited by andr99, 25 August 2016 - 01:01 PM.