Topping

Markets that reach a saturation point exhibit volatility near the end of the move.  It is volume spin.  Price flips vigorously at these times.  After this, you get the down move.  I am not sure if we are done with the chopping at the top, but I don't see the point in waiting when I get these sell signals.  The past several days have been more volatile than usual in the overnight market, and the market is surprising choppy while going nowhere.

Dollar bearishness is emerging again and the carry trade is back on, but this time, it is not the yen carry trade but the dollar carry trade.   If oil wasn't so tame, I would think this was 2008 again.