July and eventually August will show if the tops have been seen or not. All my technical instruments and my fundamental analysis now points in the same direction that after an eventual new top the indexes will fall in the biggest bear market we have seen since the late 1920's. The only way to make a big long term profit is to learn now how you short the markets. I have told you about a few of my readers who still are holding short positions sold at SP500 1.685. The highest top was 1.687.
Since the bond markets in the US has got a monthly cross on downside and yield on the 10 year treasury notes are up one percent in the first down wave every bondholder now knows the risk of holding bonds. There is a possibility that the high on all stock indexes has been seen. The coming 3 to 8 weeks is what I expect now to be the time for the definite prognosis.