ES Has Topped

May I ask: based on what? Tea leaves? Gut feeling? Wishful thinking?

 

I always like seeing charts I don't normally see, broadens one's knowledge.

The top might be sooner than later, at least on the dailies of Dow Jones and ES show Head & Shoulders patterns and 3rd chart shows market internal of New Highs/Lows and showing divergence. I have used this indicator since the 80s and always found it very useful for timing.

 

Certainly possible.

 

Thanks so much for both posting and explaining. Well done.

 

Holiday shortened weeks are generally bullish. Just an observation...

 

Goldman Juice.

https://www.bloomberg.com/news/arti...-four-2018-fed-rate-hikes-as-u-s-growth-gains

 

That CPI "inching higher" looks like a dead-cat-bounce.

 

Told ya...

 

You surely did. But if I may posit a slight variation on your prescient foresight: deep pockets has been buying every dip for the past nine years, and the last ten days of price action is no different. Shallow corrections = ACCUMULATION

 

Also, people tend to eat turkey in the US on the third Thursday of November.