The Up-Trend in Stocks is Showing Strong Signs of Exhaustion – by Sid Norris from ElliottWavePlus.com.
Late last week, Hurst cycle analysis on the S&P-500, Dow Jones Industrial Average and Nasdaq 100 are all suggesting that a top is nearing quickly. I’m also seeing a number of Sequential Daily 13 Exhaustion Sell Signals in several stock indices. Most larger-degree Fibonacci targets have been reached, or very nearly so recently. The primary remaining question is whether five small-degree upside-waves have completed in the various indices.
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