Dominate Your Market
by Jim Wyckoff
The U.S. stock indexes once again have sold off amid keener risk aversion in the marketplace to start the holiday-shortened trading week. The e-mini S&P stock index futures just last week hit a new contract and record high. But now a price uptrend line on the daily bar chart has been negated to suggest a market top is in place. The recent higher volatility at higher price levels also favors the bears and is suggestive of a topping process in a market. Stay tuned!
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