When we put DJT against SPX it is plain to see the non-confirmation. So, what does that mean? In simple terms, this is an indicator that there is a fundamental weakness within the economy. Both the DJI and SPX are at all time highs, yet it is quite obvious that since the May high on the DJT the demand for goods is just not there (there are only so many 80 inch TVs you can buy right. Etc..). Anyways, the point is the two are correlated and move in tandem. The divergence we are witnessing is akin to what has happened in previous crashes - it's an EARLY WARNING SIGN.
