Yesterday the NASDAQ broke up to a new all-time high while the the DOW and S&P 500 remained below their all-time highs (and below their "gap" zones). This is a strong bearish divergence signal in our current strong reversal zone (that ends next Wednesday). Equities are falling strongly today so we could be seeing a major reversal here. But of course, it has to follow through over the next several days. A good target for a corrective low in the DOW now would be around 23,000. For the S&P 500 a good target would be around 2,800.
Let's see if this market can fall that low. If it does and finds support, we may have a good spot to buy.
Still on the sidelines.