Pls see chart above.
This is the Cumulative Advance Decline Line for NYSE Securities.
It is just touching the lower line of the channel that I have drawn.
The next couple of days will decide if we have seen a top in the market or not.
If it breaks thru we will have a very clear signal that the up move is finished.
SPX still in the channel as of now.
This week it has to fall thru and break down on the lower side of the channel to signal a clear trend change.
If it does not happen - we may see it take one more stab to 1344 or above.
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