I'm experimenting with a new type of blog post focused solely on market technical analysis. No major rants and no Econ data. That way I can show more charts and cut down on Twitter spam.
What we're looking for is a second overbought bull trap which will lead into the final meltdown phase.
The SPX is back to overbought and upper trendline:
Lower pane is % bullish, Industrials:
Hot money is starting to leave the U.S.
