Topping is a process. Finally the topping process produced a temporary high on August 8th. We had originally projected the S&P 500 index top to be around 2478 in advance, the final top was made @2490. From the June 9th outside reversal top @2446, it took two months
Mr. Market just had very boring eight days. The trading range was about 18 points for eight days! Today it broke the previous weekly cycle fractionally. Nasdaq broke the previous high two weeks ago while Dow Jones hasn’t had a breakout. Can we trust the S&P 500 breakout?
