In this post I would like to offer the bears (if I may dare to use the plural) some succor.
We begin with the $XAX, the Amex Major Market Index, which is in the throes of completing a terrific topping pattern. It isn’t done yet, but by God, it’s working on it. It needs to break the horizontal.
![](https://slopeofhope.com/wp-content/uploads/2023/06/slopechart_XAX-640x327.jpg)