US Indices - Nasdaq, SP500, Dow; Market Tops

Most likely Market Tops in US Indices.
Probable dates and price levels;

The Nasdaq100;

The SP500;

The DJIA;

The NDX/DJIA/SPX rotation;

Comment:

A note on the recent "blockbuster" US ISM Manufacturing PMI numbers and the fallacy of their interpretation;
The ISM figures are diffusion indices calculated by the percentage of respondents expecting the future to improve minus the percentage expecting the future to worsen.

After an economy has been totally shut down and if every respondent thought things would get even a little better after the reopening, then the ISMs would register 100% - the maximum.

Obviously, currently this is nowhere near the case.
E.g. those recent, much celebrated "blockbuster numbers (in the low 60s)" are nothing more than a clear indication of just how bad things really are out there!

Trade active:

SHORT
Nasdaq (NQ1!)

Comment:

Likely SP500 Final Top - 4280

The initial break-down to the Weekly Gap at 4000 ought to be very quick!

Comment:

Dow 10,000 before Dow 40,000

Most likely Final Top 37800.