I believe our situation is very clear right here
- Potential IT top has been made in right area of also a MAJOR top
- Model has Sell signals and many confirmations, a final one is a break under 3900 that doesn't immediately recover ..so a DAILY CLOSE under wd confirm
What is UNCLEAR
- whether we hold 3900 and get one last gasp run back up ...ST signals are currently AGAINST that ..monday-wed should answer
- Even if IT drop is confirmed - whether this Drop is start of drop to NEW LOWS - I still am 50/50 on that, I see 3750 is a LOCK for this move If 3900 lost on daily -- but model/setup 50% chance we get a run back up from 3750 to 200dma moving average into xmas ... TBD ...If IT sell signal is confirmed by price
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