Click on Chart to Enlarge
See the chart above for notes. The upside moves in stocks have been technically counter trend with respect to the ADX indicator. I think this suggests that the next breakout move will be down.
Click on Chart to Enlarge
Also a large triangle is forming after a downward move. Most triangles break out in the direction of the prior trend. I have no good reason to believe this one won't break out to the downside.
In either case, expect a MAJOR market move starting within the next week or two. If you are positioned against the trend, it will likely go very badly.
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