Some folks keeps on talking about Top is emminent and this should be top. Let me point out some charts on weekly timeframe and you can judge for yourself why this is not a Top. Tops takes 2 to 4 weeks to form where we don't go anywhere and just chop around at the same levels. Yes if we don't break above last week's high which is at 1514.17 and just chop around then we are in the beginning phase of forming a Top. Also if there is a sell off then it will be seen in price action as well as in Breadth numbers and in VIX too.
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