Market Update - Wednesday, Nov. 30

The Russell 2000 is not making new highs here and that is a problem. My indicators are stretched and negatively diverging with a possible double top on the SPX.

Below are charts of the SPX and GDX. I expect a move down into Friday for both. The Russell 2000 is not making new highs here and that is a problem. My indicators are stretched and negatively diverging with a possible double top on the SPX.

 

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