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It’s Only an Intermediate Top

There were several signs of an important top last week, but it’s too early to say whether it will result in a correction or another benign consolidation on the way higher. The best chance for some real weakness is over the next 2 weeks. If it doesn’t materialize, then here’s what will come next.

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These reports are not investment advice. They are for informational purposes, intended for an audience of investment and trading professionals, and other experienced investors and traders. Chart pick performance changes week to week and past performance may not indicate future results, as you know. Trading involves risk, and these reports assume that you understand those risks and manage them according to your tolerance. 

Posted in 2 - Technical Trader
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