Several markets have shown signs of fatigue over the past weeks, except for the equities market. Is equity decoupling from metals, the 10 year, China etc?
We see several divergences hitting extreme levels short term. Accompanied witht he market having melted up on low volume, and a collapsing vol, things could get interesting soon.
Bullish or bearish, it is certainly worth considering the charts below.
10 year vs SPX. Last time rates were here, SPX was quite a bit lower. Note the 200 day moving average.
SPX vs China lately.
SPX vs metals over the past 30 days.
Spx vs the IWM.
So let us all put our hope oin Apple reaching 1k asap.
For the long term "fair value" of 6000 for the Dow, click here [5].