Topping process…
As part of the topping process, the market continues to oscillate between 830-850 before diving towards sub-800... br /br /SPY needs to open below 84.7 for a nice intraday sell off tomorrow. ES is currently down 4, I guess we need 2 or 3 more (842 or 841 should correspond to SPY 84.7) to trigger a sell off from the get go. br /br /br /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://3.bp.blogspot.com/_ZdctlOEsqMQ/SfEg3aQW7tI/AAAAAAAABlY/w0bGXztgXjo/s1600-h/DC_Capital_01+Apr.+23+22.00.gif"img style="cursor:pointer; cursor:hand;width: 400px; height: 143px;" src="http://3.bp.blogspot.com/_ZdctlOEsqMQ/SfEg3aQW7tI/AAAAAAAABlY/w0bGXztgXjo/s400/DC_Capital_01+Apr.+23+22.00.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5328075970468835026" //abr /br /Meanwhile, most of the long term charts are perfectly in sync. Like OEX below, they all imply minimum 40% drop in the next 3-9 months. So I stay massively short till SPX is cut in half. br /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_ZdctlOEsqMQ/SfEg3DlZn1I/AAAAAAAABlQ/BDKC6V8q-Os/s1600-h/DC_Capital_01+Apr.+22+01.22.gif"img style="cursor:pointer; cursor:hand;width: 400px; height: 250px;" src="http://1.bp.blogspot.com/_ZdctlOEsqMQ/SfEg3DlZn1I/AAAAAAAABlQ/BDKC6V8q-Os/s400/DC_Capital_01+Apr.+22+01.22.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5328075964383076178" //abr /a onblur="try {parent.deselectBloggerImageGracefully();} catch(e) {}" href="http://1.bp.blogspot.com/_ZdctlOEsqMQ/SfEg3aIEmNI/AAAAAAAABlg/qc_8Gz7NqmU/s1600-h/DC_Capital_03+Apr.+23+22.10.gif"img style="cursor:pointer; cursor:hand;width: 400px; height: 293px;" src="http://1.bp.blogspot.com/_ZdctlOEsqMQ/SfEg3aIEmNI/AAAAAAAABlg/qc_8Gz7NqmU/s400/DC_Capital_03+Apr.+23+22.10.gif" border="0" alt=""id="BLOGGER_PHOTO_ID_5328075970434078930" //adiv class="blogger-post-footer"img width='1' height='1' src='http://res1.blogblog.com/tracker/2192317321691025209-4371945124622826870?l=xtrends.blogspot.com'//div
