Clive Corcoran writes that evidence that US equities may be about to top out would probably surface with respect to the Nasdaq Composite (IXIC) index before they become obvious on the intraday S&P 500 charts.
The DJIA closed at a 13-month high but the volume across the US equities spectrum was on the light side. Other indices still have to show that they can take out the mid-October highs.
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