Broadening top Continues

 2/3/2026

I wrote recently that the markets exhibit a broadening top.  Early buyers are selling to the late comers, and so we see up and down action.  We had more of that today.  Markets dropped and then the DOW rallied late afternoon. 

 

Tech NDX led the market up and will lead it down. Notice the NDX did not rebound as the INDU did.

 

I have been writing about a long term top for months, we are very close to that, look a the distribution patterns, one day the early buyers will have  sold all their stock to the late comers, and then there will be no net buyers and the market will simply tank. If you are long well rather sell six minutes early than six minutes late, ie at way lower prices.