We are still in a raging bull market and a full "Melt Up" and we will continue to see it until proven wrong, says Chris Vermeulen founder of The Techincal Traders.
He added that the risk is still high for a breakdown, "we are on a verge of getting into a deeper correction then we will hit complacency where we will see precious metals and bonds come to life," he told our Daniela Cambone.
"Everything is overpriced and it is high risk, we are in a topping area that everyone need to be aware of," he said.
Chris Vermeulen has been involved in the markets since 1997 and is the founder of Technical Traders Ltd. He is an internationally recognized technical analyst, trader, and is the author of the book: 7 Steps to Win With Logic.