Just a quick note to add to my bearish signals in place. The market is taking longer than usual to decline after confirming a signal, but at today's close there was a noticeable intermarket divergence between the S&P, Russel and S&P MidCap futures indexes as you can see from the charts above. The S&P made a new high while the TF and EMD failed to even come close to doing so and have declined. Breaking below the previous swing low if the Globex session would help confirm a top is in and that the market is poised for a selloff Tuesday.
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