NEW YORK ( TheStreet) -- Here we go again trying to confirm recent market highs as cycle highs. All five of the major equity averages must have negative weekly chart profiles simultaneously. That won't happen this week as the weekly charts for the Nasdaq Composite and Russell 2000 remain positive but overbought.The weekly charts attempted to time the May highs as cycle highs, but all five of the major equity averages didn't shift to negative.
Confirming Cycle Highs Remains Elusive
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