Takes time to shape a mkt top in normal conditions, the more in extraordinary times, where the primary rigger is the same cb
. Day by day, you hear more BTFD-mantra, but accumulating here means ignoring what happened back in 07 with a RSI div
neg with the same slope. Moreover, the INDU has not b/o the upper TL yet.
Sure, the Nyse margin debt could hit higher levels, such as in 07 and 2000, but lets not forget that the same margin debt is at ATH
. So at end of the line, I'd consider this chart at least as a warning.
Don't forget to manage and hedge risk....either if you are long or short.