We are topping here. My spreadsheet has finally offer 3 sell signals. Does that mean we drop tomorrow? No, we could, but this is a great area to buy bearish ETf' and build on it.
Looking at this chart ( click to blow up) of the CPce we are in topping area red line.
you will notice that we bearly made it to the bull line with this strong market rally.
To me this is a major divergence
And every thing I said yesterday I looked for an afternoon high that we got but I thought it would end firm but the beige book screwed that scenario.
IN GENERAL HIGH VOLUME IS BEARISH TO ME.