It has two cycle tops (Aug 2 and 5).
New moon on Aug 6 or 7.
Armstrong top on Aug 7 or 8.
Add to that divergences everywhere and overbought etc and its a sick short term outlook.
It may be like the Armstrong peak in Feb 2007 where it was just 6 days down but worth avoiding.
In Mon and Tues were down and today (Wed) is much bigger. Down currently 1.3% at lunch time.
Expect US markets to be down a fair bit coming session.
