Nasdaq and S&P briefly hit new all-time highs before a dramatic reversal on Thursday and Friday which could be pointing to a failed breakout and double-top.
Every week we review the big picture of the market's technical condition as seen through the lens of our Big View data charts.
Summary: Nasdaq and S&P briefly hit new all-time highs before a dramatic reversal on Thursday and Friday which could be pointing to a failed breakout and double-top. We would need to see a break-down on the weekly charts to confirm the accumulation of risk-off readings.
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