sp500..one way only...up
Is there no top to this market?
After reading the headline, many readers may think I’m going along for the ride on the long side. Well, sorry to disappoint you, but I still believe we are developing a top of significance. They often say that tops are a process. Well, from an Elliott Wave perspective, the reason is that tops are made of a series of 4th and 5th waves, which make market participants feel continually whipsawed by drops and rallies. And, the rallies often do not make highs that are significantly higher than the prior highs, and develop further diverging technical indicators. Does this "feel" familiar to anyone at this particular ... (full story)