Value of Perfect Information

We are forming a “potential” top. A lot of sectors up against major resistance(expect post on this Thursday or Friday). You still need to be careful as it could be a simple breakout. 1102 ES is a key level so keep an eye on it.

I think we might see the following scenario.

Laggers made new highs while leaders did not. Both around resistance and like I said in previous post 1105-1106 SPX and ~10330 Dow. How were those calls? Remember it can still be a breakout instead of reversal. I expect to see some double top to happen before we go down. Not needed, but just something I see.

Lagger

Leader

This is a chartby Cobra. He has some good analysis

Categories: Charts ,Markets

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