For those of you who followed by “Sotheby’s Indicator” analysis since 2013, the stock gapped down hard late-last week after earnings, perpetrating its 2014-long correction.
As you can see on the multi-decade chart, the high end auction house has peaked at each major stock market turning point.
Thus, we have another glaring divergence to keep on our screens.
Also be sure to check out my published Weekly Strategy Session, as well as The Fly’s latest post and survey.
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japan q2 data tuesday….suppose to be super crappy!
Should be interesting