in my opinion.......I think it will top out in Feb next year and all those who get short now on a longer term time frame than the daily, will be butchered with no mercy. Because I' ve never seen a Long Term top starting a two years or so, bearish market, that doesn' t end with a bloody phase for the bears. The blow off phase is designed to discharge all the LT shorters leaving no one of them alive when the bear market starts. So, the weekly macd is topping, but the index isn' t and the daily macd still has room to the upside. Although the weekly is in uncharted territory, it doesn' t mean it can stay there for some more time. I' ve learned over the years to not get short early and this time won' t be different, imo. But it's just my opinion.....as usual
Edited by andr99, 20 August 2021 - 02:23 PM.