I said yesterday that if we convincingly close above the declining tops line, the upper trendline of the wedge would be a magnet. Instead we have had two consecutive failures at the decling tops line and SPX had an outside reversal day today. Also my system generated a sell signal on both SPX and NDX at the close. DOW is still on a buy and will probably crap out tommorow.
I will go short the market tommorow morning on any retracement with a stop above today's highs. This is as good as it gets for the bears.
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