All my indicators are suggesting that this is toppy and that we are now due a correction. Perhaps we get a pop-up and sell off to somewhere like 1940.
The chart looks very similar to mid January – a recovery from a momentum peak; market looks ok but then fails the mid-line signalling the sharp drop.
Of course that may not happen and we just grind on higher into August, perhaps in a volatile and choppy way.
Position is Short with a small hedge, and be prepared to roll up the short-position. Upper limit expected for August exp. is 2020, lower limit is currently 1920.
