ECRI Weekly Leading Indicator falls off a cliff

Well.. the market, once again, seems to ignore tremendously bad economic news in it's climb to 1150 on the S&P 500 (which many market technicians suggest will form the peak of the right shoulder of the Head & Shoulders).

Weekly Leading Indicators falling off a cliff

WLI declines 5.7% from last weeks 3.7% + graph

Yesterday we had the Philly Fed Survey coming in significantly lower ("8") than the consensus ("20").. Market shrugged it off like it was irrelevant.

And now we have confirmation from the WLI ACCELERATING IT'S DECLINE week over week.

Yet the market rallies? I don't believe it.. And neither should you. But apparently those "Computers" which are making up 80% of the total trading volume nowadays apparently have been programmed to "buy, buy, buy"..

Even AAPL made a new high today!! They have a huge clamoring for their new phone (which doesn't even have 4g infrastructure available in most areas).. It may wind up soaring over $300, but if the rest of the market's fundamentals fail to follow suit, eventually it will be dragged down by its drowning comrades clinging to it.

This is not going to end well..

So when will it end? Here's one suggestion:

Triple Doji preceded "Black Monday"

2009 Triple Doji example

Scrutinizer