Well, it has been choppy trading the last several trading sessions, but overall the trend has been down.  The question now is is this just some profit taking and an opportunity to buy in at a “better price”, or are these levels going to bury those buying into them?

Well, since videos are always a good way to get some analysis and education, here is another from Adam.  It has some compelling arguments for a market top, and my own analysis points to further selling at this time so I think this video is timely and important for you to watch no matter if you are an investor or a day trader.

Here is the video:  Has the S&P Topped Out?

http://www.ino.com/info/469/CD3784/&dp=0&l=0&campaignid=3
Have a great night everyone!

Cory Mitchell, CMT