The New CS Board

[ahimsak]

With the new interday high, this is the 5th longest rally since 1992 in the spx without a 5% correction.

Maybe rally is due for a 5-7% correction soon? Some rallies lasted almost a year, so no guarantees.

Todays action is more indicative of a top than a continuation pattern, but honestly, i have no idea what the rest of the week will be like, so waiting for a clear signal to trade again.

best of luck to those who can read this pattern and predict.