ChapmanWave

Right here, at Dow daily Peak-E, is where/when we need some caution.

While the other indices have started to show some toppy action, the is at critical Leg-E.

At Peak-D the Dow is holding well, the SMH-semis have been a bit weak.

The Dow finally formed a Peak-D, making it a bit vulnerable to a digestive phase here.

At this point we need to consider a 'breather' is really close as some technical indicators are suggesting.

That was a huge Leg-D candle, Thursday, closing an amazing November at recovery highs.

The Dow continues Leg-D- and should be helped today by CRM, but the other key indices are near resist levels.

The Dow's daily Leg-D pushed a bit higher, as we monitor the coming 2-3 sessions for tiredness.

Dow in Leg-D, the others have already formed Peak-D, so caution prevails here.

At Dow Leg-D- the key indices are already at daily Peak-Ds- some caution is usually prudent.