1/25/20 A Top Was Just Flagged!

A top signal is confirmed. We have posted a "V" as shown below and also an estimate on the signal strength (orange "V" so far) while watching for at least a medium degree top or possibly higher to develop. The DOW Industrials topped prior to the S&P 500 but the signal we detected gives a heads up on overall market beginning acceleration down. The top (primary) signature was observed on 1/23/20 with secondary confirmation yesterday. The weekly advance-decline (nyad) macd move down may require some relief in the form of a move up or sideways that also incorporates a price retrace sometime next week. As noted in a prior post, the 2009 low of 666.79 x 5 = 3333.95. The S&P high so far is 3337.77 which is just a few pennies above that number so we will see if that has any significance going forward but it will not override our established detection criteria.

Our bots will flag a "V" when they see a top.
Our favorite go to site- McVerry Report
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