the postal service on Friday that the novel highs inwards the S&P 500 Index were widely unconfirmed past times sector action. Now nosotros encounter that the ES futures get got moved dorsum into their multiday attain of final calendar week inwards what I proceed to sentiment equally extended topping behavior. If that is correct, nosotros should encounter the lows of final week's attain eventually taken out. Meanwhile, the NQ futures are already at the bottom of their previous week's attain in addition to weakness has hitting the sectors that had been relatively strong: materials, industrial, in addition to consumer discretionary. We're besides seeing forcefulness inwards the US of America dollar, weakness inwards gold, in addition to a pullback inwards 10-year Treasury rates. If this is, indeed, purpose of a topping process, nosotros should last seeing weakness amid the indicators that I rails daily via Twitter; I'll postal service fresh information prior to each day's opened upward (follow the Twitter flow here).
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