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The stocks have reached the timing band for important interim tops. As prognosticated repeatedly – for the last time past Sunday, see the detailed analysis HERE… – at Thanksgiving they produced new all-time highs or fresh year-highs, respectively. As mentioned and forecast last Sunday as well, the current bull power is pointing to the US stock market indexes being more likely to top out finally on December 2 or 3 before a 5-8 day (S& P 500and Dow Jones, rather 10 days in the NASDAQ-100) correction starts. So on Monday (tomorrow) or on Tuesday (the day after tomorrow) the correction should start visibly.
Let’s underpin the imminent beginning of the correction now analyzing what the 3 most important US stock indexes might be doing the coming two trading days.
For the first time in several weeks shortened Friday trading ended up with a weakness before the weekly close. The Dow Jones and the S&P 500 even sold off the all-time highs so much that they produced a minus for Friday. Only the NASDAQ-100 closed in green, very narrow to the year-highs. That’s a divergence. Furthermore…
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