$S&P;500; and NASDAQ COMPOSITE UPDATE

$S&, P;500; and NASDAQ;COMPOSITE; have registered fresh 52,week highs,
, We were expecting this,
, So with this we believe all upside projections are completed on both INDICES.
, We are also approaching the point at which we have to look for a possible REVERSAL,
, Until now since mid NOVEMBER we were looking for trend continuation from 18th,DECEMBER we would look for trend REVERSAL.
, Things are not going to turn dramatically overnight but during the course of next 9 to 12 days we should witness a TOPPING process and then start of a REVERSAL,
, the magnitude of the decline could be discussed later,
, currently sentiments are so BULLISH that people cannot even handle the discussion of a REVERSAl.
, The final push higher could further motivate those spirits.
, Watch out for 4,650 on S&P a close below 4,650 would be 1st sign of weekness and a close below 4,597 would confirm that
, For NASDAQ that level would be 14,400 wait for these levels to break to trade upcoming REVERSAL.
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