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Sean HymanSean Hyman
Keymaster
Post count: 3307

Note that tech has been leading on the way up and now it’s leading on the way down. The NASDAQ (top chart) topped out a couple of trading sessions before today.

The S&P (SPX), Dow Industrials (DIA) and Small Caps (IWM), etc. all topped out today and broke lower.

This is all on the hourly time frame. So, it’s likely at least a top in the short-run and further pullback coming. If it continues, then it could be the ultimate top…but right now, it cannot be said for sure if that’s the case.

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