SPX - Is the top in?

I note that there is a great uncertainty as to whether the 2872 top in Jan18 is the TOP or wave 3 in an ongoing bull market.
This chart attempts to show the EW count from the cycle wave IV low in feb16. The trendlines are taken from the cycle
waves going back to the 2009 low.
IMHO SPX has topped already and quickly fallen back to test the support trendline in wave 1, wave 2 may be complete at a
76.8%fib retrace and wave 3 is starting. If correct a large fall will occur soon! Good Luck.

Kommentera:

SPX bounced slightly before the Easter break which is often the case before holidays. However the 3rd of 3rd wave is imminent and this (if correct) will result
in an acceleration of the downward trend. Good Luck

Kommentera:

Wave 3 of 3 looks to have started!!