- Monthly : Evening Star = Top made. Price action since then suggest a market where bulls are struggling to regain ascendancy but failing.
- Weekly : SHS Top (albeit not very nicely formed).
- Daily : A break of 1070 (now at 1077) would make series of lower highs and lower lows = Downtrend. Nice SHS top evident also.
- Short at average 1086. Now waiting to sell break of 1070.
- There will be a time when it makes more sense for Risk Off believers to switch emphasis from long USTs to short equities. Think that time is drawing near. If this is correct, I think we can be looking at sub-900.
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