I think if we make more highs, it's nothing but bad news for the bears. Really would seem best to pack it up for a while if that happens - however, as things stand we've rejected right inside of our bear zones. Very strong downtrend and ultimately a break of 3000 (Probably a bull trap rally soon after).
DJI has to reverse here for a bear.
If we do top here, I'd not expect to see any significant rallies until under 31,500. And more selling after a range/bounce.
Read SPX analysis and more on how the DJI trade plan is generated.
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