ChapmanWave

The Dow and the Russell 2000 lead the upside, the SPX was weak, the QQQ was very weak: Signs of toppyiness approaching?

At Peak-B, the Dow daily should attempt Leg-C very soon; the Dow is still lagging the SPX and QQQ.

That anticipated weakness, Monday, might extend into today if this afternoon the Dow cannot hold a +50s or more.

That was a whopping Leg-B in the Dow as lagging sectors really woke up.

The Dow flipped from weak to quite strong , and now has to maintain that strength for the MACD to improve.

While the Dow was weak, Wednesday, there is a chance to have a bounce here.

The Dow finally saw some strength Monday, but gave back some Tuesday, and might struggle a bit today, unless end-of-month buying gives support into the close.that

The Qs, SMH, XLK are leading, but here comes a test of strength, and if the Dow can play catch-up, or slide.

While the Dow is now oversold, so at least intraday before the long weekend there could be a nice bounce; last hour might weakens, though.

The Dow has stalled badly but the NVDA, i.e. QQQ sector is spiraling higher this morning.