SPX continued its throw over above the upper trendline of its Orthodox Broadening Top, making a new high. NDX stalled on Wednesday in its extended throw-over above the upper trendline of its Orthodox Broadening Top.
Rumors are doing the rounds that UK Prime Minister May intends to trigger Article 50 - UK’s withdrawal from the EU as close as possible to the EU summit scheduled on March 9-10 i.e. at least three-weeks ahead of the self-imposed March 31 deadline.
Only on one previous occasion has the reading of this stock market valuation indicator been higher: March 2000, the peak of the dotcom bubble.