Just a brief note to alert you to this Double Top we just completed.
It's ultra important!
We have had 3 Double Tops in the S&P 500 this year. - In January, February, and June. They resulted in the S&P losing -10.5%, -12.5%, and -13.2% respectively, each in just 2-3 weeks.
On Friday Nov. 25 we had a 4th Double Top form. The market lost almost 2% on Monday Nov. 28th.
It's the end of the year, when investors, and particularly institutions, sell losers to harvest tax savings.
We also have a CPI inflation report and a Fed Meeting within the next 2 weeks.
Consider trimming your 2022 losers immediately.