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The QQQ and IWL ETFs have weekly scale ExtremeHurst Top Extension signals here. Extensions mark the abrupt end of trends and are followed by flat or retracing prices. Signal duration scales to the elapsed signal build time. In this case they expire next April.

The Nikkei 225 has a weekly scale top here. Expect a retracement period to last through Feb. All our tools including ExtremeHurst are available by subscription on either Bloomberg or TradeStation. http://www.pfr.com

SPY had an ExtremeHurst weekly top Extension on Oct 2nd that forecasts a retracement period lasting thru Feb. Couple that with todays daily Compression that predicts a new 2 week trend, and you have a high potential for that new trend to be down.

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