Last week we mentioned the SPX/MKT was likely to hold in well, and move higher based upon relatively robust DMP algo readings we were seeing.

Additionally, this past weekend I highlighted the “macro” schematic suggesting a move to 2755-74– completing some projections from the Dec.26th LOW-

Based upon this week’s VERY LOW DMP reading (4:1 sell/buy signals), I DO think the MKT as measured by SPX will most likely put in a tradable High/Top sometime this week…

The daily TIME cycle schematic starts to turn negative again 2.14-15.19– at least from a n intermediate/minor TIME frame perspective (3-9 days/1-3 days)

So, although the MKT appears to be focused on ANY constructive news on a trade deal, I think we are coming into the late stages of the current rally and will likely come into a “tradable” pivot High/Top sometime this week. *At this point, any constructive news would be a SELL opportunity anyway-

Traders/PM’s are advised to allow some room for the MKT to extend the rally in price /TIME keeping in mind that were very likely to come into a high pivot sometime in the next couple of days which should precede a S/T corrective cycle. *It is very likely that the MKT experiences a brief disruption this week or next and then resume its trend later in month into early March as outlined in the macro schematic.…