We may have hit a short term top today..certainly the candlestick for the $NDX (in particular) was consistent with that. Also put/call and $trin are consistent with a minor top. As seen on the $NDX chart, we reached up today and hit the blue trendline (only on that index), and backed off immediately...
Now what?
One scenario is we slide until the 18th, and then climb back up to the 25th or so (and make the final top).
That is only my speculation, don't become to strongly attached to it. Tomorrow is going to tell us a lot...
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