Chart on S&P 500 (INX)


A wave iv pullback from the 1.236 level usually holds support at the .764 extension, which is the 2102 level, which had a minor break below that level on Wednesday.  However, we REALLY need the break of the .618 region to provide stronger confirmation that we have topped.

Avi Gilburt is founder of ElliottWaveTrader.net.


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