A Day of Convergence
Today is a MM turn date, and often the market will make a final, often big move in the current trend direction before reversing. The current futures rally is a good sign for those looking for a top around here. Today is also the last day of a MAM (moving average momentum indicator) significant trend change window, and today's open is the closing of the MM MACD swing buy trade from last Wednesday-Thursday. A sharp drop alert remains in effect until Monday. Last, but not least, today marks the beginning of at least a local top and new bearish EW subwave per the mood pattern for yesterday and today.
With all of these indicators converging today or near today, watch for news cycle theme changes and market condition changes over the weekend and into next week.