Anyone look at the FNM chart lately, talk about BEARISH!
This one holds all the keys IMO, if it implodes the US stock market goes down with it.
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Also note how oversold the dollar is on the weekly, extreme - one of two things hit my mind, it stays oversold and gets creamed or we see a bounce along with the DOW come early December. After the 5 wave correction plays out. The perfect set up is for the blowoff into the NEW YEAR, but everyone and their mother is looking for this setup. I feel 1200 will mark the SPX top and we are there or close to it already.
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