We have been expecting the market to peak out. It appears now that we made 3rd step high and March then the step 4 down in late March and now final Step 5 resulting in new hig . We will not be surprised if DJI also makes a new high. Russell is now selling at PE of 70. Dow Jones Transportation did not make a new high and is non confirmation of DOW signal.
Gold has been consolidating even though NUGT and GDX went below 15 day moving average. Today they are above 15 day moving average. Natural Gas made a new low today and DGAZ ids making new highs.
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