Lot's of early evidence is mounting pointing to a potential important top in many world equity market indices. It's very difficult to accurately call market tops. A much more challenging charting exercise than measuring & forecasting retracement lows but I am seeing enough to give me some conviction that a change is in the wind. I have mountains of chart work dating back in some cases over a hundred years and to show you all my reasoning would be impractical not to mention confusing if you don't understand what you are looking at. I have chosen just a small number of the key examples to show here for SPY, XAO & XJO, DAXX and FTSE. SPY Have already posted in other threads potential top for SPY is likely in Jan/Feb 2018 and at the latest April at around 2700/3000. Fails if we see a strong monthly close above 3000. XAO XAO and XJO both tagging important line work at completion of an ending diagonal. FTSE FTSE also completing ending diagonal. Often these major tops will 'square' a previous major low price with an equivalent time harmonic - see chart above. Finding a price & time 'square' adds massive weight to the evidence. This one goes all the way back to the low after the 1987 crash! DAXX Daxx completed 5 wave set into typical price targets for end of wave 5. Also has a price & time 'square' from Feb 2016 low. To put this in context the expectation is for a medium term retracement in the long term post GFC bull run. Too soon to gauge how long it will last and timing slightly varies between markets. Most evidence points to downside until at least October 2018. A normal length ABC correction to the SPY would take us through until 2020. 1 - 2 years down is quite normal in a medium term correction. It may never happen Even if it does, long term investors need not panic, simply ride on through and look for bargains. I do not post this stuff to advocate 'trading', as a matter of fact I advocate quality accumulation based strategies for the surest path to wealth. Obviously key info like this can still help both psychologically and for finding good prices!! For those who are looking to accelerate their wealth building with a little more active approach there are lots of ways to safely protect holdings and/or pile up the cash and take advantage of any dip. No Advice, DYOR.