Yesterday, the S&P 500 gave further evidence of hitting a swing high (see link below to my previous post) as the market went sideways at the 50 MA on the hourly chart. We are still awaiting confirmation of a wave 2 swing high via a breakout below key support on the lower 15 minute time frame. It looks like we’ll get that with today’s open, though I may need to wait for the gap to fill before entering on the short side.
