Agreed on all points except those signs have been building & clearly visible for some time now. The market has simply ignored them as it always does in the final stages of a bull market. Nothing ever changes with market cycles & investor sentiment around market tops & bottoms. Hard to say when this bull will breath its last dying breath but the ensuing bear is likely to be a deep & prolonged one.

Great analysis as always Randy. Personally I think that when we break it will be big. Risk Parity funds will create quite a show in my opinion. I also think one day when we look back at this timel period it will be more obvious what has been going on and there will be signs everywhere from hindsight.
Good luck to us all!!

Thx Art. I managed to keep it just under 11 minutes & my goal is try to keep them all around 10 minutes (easier said than done).
Let’s see if these breakdowns stick into the close today & especially early next week. Can’t guarantee they will but with all of the FAAMG stocks confirming the intraday rising wedge pattern breakdowns on QQQ, this is about the most complete sell signal we’ve seen in quite a while. Would be even better if today’s breakouts in IWM & XLF fail as well but so far they are both holding up very well despite the breakdown in QQQ.