I’m traveling so I must cut short this post. In summary we still have sufficient technical pillars of strength that this market can press on a little more but the “wheels” are starting to fall off this bull market one by one as a greater number of indexes failed to confirm the recent US major indexes higher high. The mean reversion catch up trade now looks in danger and some indexes like the nasdaq 100 and smaller cap indexes look to be close to breaking down technically.
I’ll leave the detail to the team for their usual excellent weekly run through here:
All the best Rich