Possible chart tops completed in major U.S. stock indexes

 

Rising wedge top — will it lead to indicated decline or simply morph into different chart construction?

Will a budget deal simply erase this bearish interpretation?

 

10.8_NQ_daily 10.8_S&Ps_daily 10.8_YM_daily

Markets: $ES_F, $NQ_F, $YM_F, $SPY, $QQQ, $DIA

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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