Stocks were mixed to flat Friday, September 28th. They are finishing Rising Bearish Wedge patterns, which are either all of wave v-up for the Bull market from 2015, or are the first of five subwaves of v-up. Our Blue Chip key trend-finder indicators remain on a Sideways signal this weekend. The Russell 2000 Purchasing Power Indicator remains on a Sell signal. This weekend we present several charts showing Bearish divergences between the major stock indices and their 10 day average Advance/Decline Line Indicators and Demand Power measures. These suggest stocks are approaching a top and strong decline. The Cumulative NYSE Advance/Decline Line Indicator has formed a Bearish divergence versus the major Blue Chip stock indices, which is another warning that a top of significance is on its way.
