...this is crazy as.
This S&P 500 new high brought to you by Nvidia which is on the cusp of being the first $4 trillion stock. This technical pattern below is called a broadening top. Where the top range is expanding higher and the lower range is expanding lower. https://en.wikipedia.org/wiki/Broadening_top… "In the broadening top formation five minor reversals are followed by a substantial decline."
https://x.com/SuburbanDrone/status/1938633321140879828
Dow Transports put the lie in the new high.
https://x.com/SuburbanDrone/status/1938641881405018547
...who knows right but SPX is no longer a good representation of the broader market direction.
$SPX topping is a process
https://x.com/ozzy_livin/status/1938642372176302505
