That’s the direction of the Dow Jones 30, the S&P 500 and the Russell 2000.
Intermediate and advanced trading professionals understand what this means.
When a market has experienced a long, sustained advance that may cover months and years … near the end of that advance and just prior to the ultimate top, the market thins out.
That’s the process whereby fewer and fewer stocks are participating in the advance. Essentially, the bear market has already started as more and more stocks fall away from the uptrend.
In fact, ZeroHedge just reported the S&P 500 in its narrowest (11-day) closing range in history: An unprecedented event.
Now that we appear to be at the upward extreme, what happens next may be unprecedented as well.
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