For the DOW, keep your eye on XLF.....Financials pretty much all that is holding up now.
IF XLF breaks its 5 min 900 downside, Dow rollover likely begins....
With Nasdaq senitment hitting the lowest in a year yesterday, I do see the possibility (but by no means certainty) of one final launch to new highs for the Dow / Trannies / XLF, while other indexes lag badly....
Still looking for Nasdaq crash into April time frame, not 100% certain how the zigs and zags will play out in getting to the setup point, but at some point, we will likely have a secondary lower top that rolls over into a crash wave.
That is when we see actual panic in some of these Fang stocks that have just popped the biggest bubble in the history of the world....
Nice comments. Do not forget XLE is important part of this late stage rally. Keep an eye on /CL and XLE for a heads-up that they are ready to pull the rug (along with XLF).
LOL, same thinking here.