Topping

 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.



 

 The dollar looks to have bottomed. Rising $$ usually means lower stocks.

 As we look at the $ RHSPX
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.


Jerry O.