

Breadth for the day was an amazing 1.065:1, advancers, LOL!!!
1175.12 has became a very important level for the bulls to hold, besides being the 2nd wave down of the 5th, it also would be making a lower low if broken, and will be the first level for confirmation that a top was put in.
Tomorrow might help in figuring which option is the most likely, if we sell-off in a corrective wave, the 4th might not have been completed today, and is the reason I left a question mark on that label. And if we head higher the two bullish options are in play, one that will end very soon as the final 5th wave, and the other, a more powerful wave up, with increasing breadth and volume for the iii of 3, of 5 wave. If it does impulse up in the morning being watchful for a sharp turn-around and the following sell-off should be on everyone radar, as the top might be put in. Most of the longer term charts, and indicators are showing that we are in the topping process now, and any unusual sell-off with high breadth and volume should cause alarm to the bulls. time to set tight stops.

8:40, The shorter term Fib fans are being fairly well respected.

8:12, The longer term Fib fans are still showing plenty of room for the 5th wave to break above 1200 now.

7:49, wave 4 has entered the price territory of the 1st wave, and this is acceptable only for an ending diagonal, the other rules that must follow are that the 1st wave is the longest, and the 5th is the shortest, the first rule has been met, wave 1 was 24.69 points, and the 3rd wave was 24.08, now the 5th wave MUST be shorter then 24.08.
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