The ES 3800+ zone remains on the radar. Ignore news as far as a trading strategy. Legitimate tops do not occur with disturbances. If they do, which is quite rare, it is only a confluence that already existed prior to the 'event'. The top on 2/20/20 is a good example which was being called on this blog weeks ahead. Nothing else.
Another potential Pi date calculates to 2/1/21 [100 pi days from bottom on 3/23/20] and also 2/7/21 [50 pi days from 9/2/20 wave peak]. This time window is shown on the monthly SP-500 and may put the 'disturbances' far enough in the rear view mirror that a top can happen so we will see. If targets hit prior to that date range then there will be an update as the date range could also refer to a bottom printing. Pi dates do not necessarily mean a top but will generally refer to an amplified move in that time proximity so, if prices are at new highs, then the likelihood of a pending top is heightened.
Daily breadth signal line [red] on the NYAD MACD has been in negative territory since 18/12/20 and is at [-]68 this morning pre-open. Weekly signal [red] remains positive and not far above zero at +31 so we need to see what this week-ending signal produces. Ideally there should be a weekly divergence from the megaphone top price hit and the signal line [red] residing in negative territory on a weekly basis.
See Critical Long-Term Review Here
The bots will flag here when they see a top. (1/25/20, 2/20/20, 4/9/20)
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