In order for this count to stay valid the 5th wave MUST be shorter then the 3rd wave, and in this case, anything over 1146.45 would invalidate this count. The final 5th wave should break above the trendline creating a trap for the bulls, then reverse hard into a strong impulsive sell-off.
This is a chart of the number of advancing issues, minus the number that are declining on the NYSE, or more commonly referred to as a Breadth chart. This is really showing a great example of how the number of declining issues have been deteriorating over the last six weeks as this rally as progressed higher. On the advancing side, things have also started to wane since the high reading back on July 22nd signaling weakening momentum for the bulls as well.