[see lower charts] If the expected top is currently under construction, it could take it into next year to create however, there may be little upside overall compared to market price advances so far. There will likely be occasions where price movement will offer opportunities short-term. If movement lurches deeply one way or the other before then, we will re-analyze at that time.
Commentary: a 500 point drop in the Dow is little more than a 'blip' but the media loves the hundred-fold numbers. Try saying loudly "1-1/2%" - the SP-500 can do that consistently down then back higher without even blinking. Let's stay real here. A correction somewhat larger than May 7-10 2021 'mini-top' is potentially expected but not there yet. Expect a very bumpy road into a top possibly any time between the coming weeks into early next year.
Dow summation index looks perilous going forward. See post- Dow Wave Progression Is Stretched
Checking current breadth looks like this prediction [if it closes near lows] - Weekly Breadth Is Floating In Thin Air
See Critical Long-TermUPDATED 4/12/2021 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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Our favorite go to site- McVerry Report
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