Tragedy Train ...

I have been posting long and intermediate term charts for the last two weeks indicating limited upside for US financial markets. Today SPX closed at where it was two weeks ago, confirming the consistency the intermediate term studies I posted.

From my experience, one day, this topping action will end with an unexpected action and this trading range will resolve to the downside as charts suggest. In other words, the markets will do the obvious in the most unobvious way in a quick fashion. That time the bull train will already be moving down the hill, too fast to jump off. They will call it profit taking or healthy pullback or any other excuse just like how they called the initial rally off the lows "short squueze" in March.

My humble opinion, one should make an exit plan now and trade accordingly because the market may not be around here for the usual post-holiday sellers to unload on first degree suckers.