The Dow & SPX

It is interesting how the Dow overlapped the previous wave (i) and nearly closed this morning’s gap up, but the SPX and NDX kept the gap’s wide open. Typically when the morning’s gap stays open there is price movement in the same direction. I would expect the market to continue up to make another new high perhaps 2215 on SPX with negative divergence, but the Dow says it is getting toppy.

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