The First, is this is still part of the 4th wave (green), and we have been in the "C" wave for the last two days, the momentum and volume supports this as a very possible option. Second, is the the green wave 4 is over and the corrective wave structures from 1052.88 have been part of an ending diagonal, with the first wave up completed, and the third is we have a top in, and are in the process of building a leading diagonal for the 1st wave down. At this point I am not favoring one over the other. It will be a busy week-end and I plan on posting lots of charts thru-out, including some of the longer term charts of the SPX and the RUT.
Breadth for the day ended at 1.03:1 on average volume, pretty flat day all in all.