Like I said in my last several posts, including this one (Whew! One Crazy week! However I Think Next Week Will Make Last Week Look Like a Walk in the Park :)), I am not trying to call this "the Top".
Is this the end of P2? Is it the end of a Minute wave with more upside to come?
I don't know. I just know we reached a top.
The signs were pointing to it the last couple of days. Time for some shorts to start paying off.
Current Count - Last wave looks done.
Daily Chart - Lots of weakness. Second hit at downtrending RSI with no breakout. Very sad for the bulls. Stochastics and MACD are downturning. The CMF distribution trend is still intact. And breadth is still declining.
And speaking of breadth ... yep, it still stinks.
