Looking at 4 major indices/ETF's and they all say (SCREAM) the same story.
CROWN TOP FORMING...CROWN TOP ALMOST COMPLETE!!
Crown Tops.jpg
These crowning tops tell a story in the stock market cycle.
Its all just a diagram of human nature,
After weeks of enthusiasm of huge gains result in parabolic upward stock rise, complacency sets in,
Then, profit taking from the smart money combines with the last minute rush of the "dumb money",
Also, any negative news (even small stuff) becomes more magnified at the top of the cycle.
This results in more volatility (recent rise in VIX), also seen by spiking indices (crowning top),
The next move is almost always DOWN.
At this point, you stay in stocks at your own peril
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