The e-mini S&P and Nasdaq 100 futures markets both scored bearish “outside days” down on the daily bar chart on Friday, after setting new highs earlier in the session. If these stock indexes show good follow-through selling pressure on Friday, then more significantly bearish “key reversals” down would be confirmed. Such would be early technical clues that these stock indexes had put in near-term market tops. There’s no denying the bull market run in U.S. equities is way long-in-the-tooth. Stay tuned!–Jim
