Zeev's Turnips Patch-No Politics (ZEEV)

[plexxus]

Why would that be the last leg up? Why when the market get close, if it does, to 1770 would that be it?>>>

Because im looking at the strong possibility that a negative divergence will form on the MACD if/when we take out 1686...given all the negativity I see in general amongst traders I find it likely that we are simply in consolidation before another move up given the short compression in play here. Once the shorts capitulate then its likely the floor under this market will be removed. As Zeev so well said...you dont see too many tops with the P/C as high as it has been on almost every dip....witness todays 1+ reading all day.