The last time I shared a chart showing a rounding top in progress, we got a relief rally; it was the chart of $QQQ. Now, after the relief rally, $QQQ did break down and completed the rounding top as I had foreshadowed. Yesterday, when I shared the chart below of $SPX, I got the thought that we could very well get a rally before $SPX goes lower and completes the construction of the rounding top, just like $QQQ did. And maybe this is what is happening right now... I would love to be so super wrong on this; the bearish attitude sucks... 😊
Dorte JelstrupShare
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