Short-term Market peak likely by end of week; Breadth waning as wave pattern nears completion

Technical Strategy Video:

Key Takeaways

  • SPX closing in on all-time highs, though breadth was negative and wave structure nearing temporary conclusion from early October; Expecting short-term peak by Friday
  • Technology growing stretched, and DeMark exhaustion shows possible confluence within 2-3 trading days
  • Bitcoin decline looks buyable; Should push back to minor new highs into end of November

The rally continues to press higher ...

Finish reading this report for free

Enter your email and we'll send the paywall-free report directly to your inbox

Articles Read: 0/2

In addition to your unlocked report, you will receive our weekly market newsletter Fundstrat Snapshot, as well as occasional updates and offers from Fundstrat Direct. You can unsubscribe at any time.

Get unlimited access to Tom Lee's Fundstrat research Subscribe
Already a member? Log in
Disclosures (show)

Events

Trending tickers in our research