Zeev's Turnips Patch-No Politics (ZEEV)

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Determining Long Term Tops and Bottoms for the DJIA and S&P 500 based on Market Breadth and a few other indicators. Although potential tops and bottoms are marked by red and green horizontal lines, actual tops and bottoms form when divergences become present. For instance a top might be forming for the DJIA when the number of New Highs on $INDU is lower than it has been even though the $INDU is setting a New High itself. What we look for then is confirmation as the $INDU may fail to continue on to New Highs without broad based participation. Many of these charts will not update until after the market close: