Is there enough momentum and strength to propel this market even higher?  We shall have to wait and see how much bullish momentum is left in this market.  In our opinion, we would suggest extreme caution to the “faint of heart” investors thinking of getting into or staying long this market.  In our view, the U.S. equity markets are approaching an ominous crossroads.  If the major indexes (such as the S&P 500) can not advance to new highs over the coming weeks, the probability of another market reversal (perhaps correction) is very probable.  This menacing outlook could very well set the stage for a classic “double top” scenario.   Option Empire subscribers – login to more detail.

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