17 Jan 2018 ‚óŹ 11:36 AM

Long Term - top or not, the move up from the April 2017 low is close to completing 5 waves. You will remember this chart of channels that I have been using as an example of a rising trend that breaks out from one channel to the next and next and it topped exactly at the 3rd blue channel. Now during explosive blow off moves I have see two channels follow each other but 3 as seen here is rare. Daily momentum has still not reversed to confirm what we see here but pay attention as the Nasdaq also reported 95% bullish sentiment recently.

dow 170118

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