All major indices dropped more than 1% --> Double top pending?
Emini Nasdaq 100
Emini S&P 500
Mini Dow
Emini Russell 2000
What does all the daily charts above have in common? Yes, all these futures market seem to signal that a top is coming... Nasdaq Emini is the most bullish chart with the recent run up... The remaining 3 charts appeared as though a double top is forming...
Plus, there is already negative divergence forming with the MACD.. This is especially evident in Dow mini... I urge all traders to be extremely cautious in this period as we see how the market unfolds... The odds are in favor of a steep correction, but I am not ruling out that the market might break new highs again... Markets are designed to confused and confound... Keep an open mind and let's see what happens next.