I have a feeling this is a significant chart indicative of the internals and we’re going to look back in a week or month and realize this was very telling. As the market continues to make new highs, there is a very clear downtrend line forming that if we don’t break out of will signal the end of the recent rally imo. The major market turns take time to form and while I’m not declaring it safe to load up on shorts at this time, it may be smart to prune your long positions and be very careful about carrying a major portfolio of longs overnight.
