I know there is a risk of sounding hyperbolic here... That being said, I usually only write one article per month but I feel compelled to write something to followers in the interim, so this weekend I will write and article updating some very key developments.
I still want to get something out tonight since after hours trading is still open. My indicators are all rolling over and show bearish divergences at all degrees of trend. What has me more convinced than ever that the market is about to roll over, and possibly even CRASH is the latest COT report which show a HUGE swing in net difference between smart and dumb money. The smart money used this week to sell over half of there long position in stocks and are now firmly net short. The dumb money used this week to cover shorts and buy stocks. This is such a key sign that top tick is in or will be in within days! In my view you need to either be neutral or short, long stocks here is suicide!
Disclosure: Long SPY puts, long BGZ.