"As flies to wanton boys, are we to the gods;
They kill us for their sport."
In making the following statements, I'm only too well aware of the above quote from King Lear 4.1.36
This looks like a top to me.
- XJO at resistance of long-term up-trend line.
- RSI at its highest level in the past 200 days trading.
- CCI yesterday reached an extreme level above 200 - the last time it did that was in early November - and the market retraced for most of November.
- Volume yesterday was the highest in nearly two months.
- Today's volume - on an indecisive "inside" day - was above the 50-Day Average.
All of that says to me, we're at a top.
If the market is up from here in one week's time - then the gods are truly playing with me - in the most sadistic manner. And I am not into sado-masochist.
Good luck
Red
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