SPX in the Topping Zone

Caution is most definitely warranted. This high we are carving out now technically could complete all of wave 4. I am projecting wave 5 of C of IV down to maybe as much as 3200. However, as of now I am counting this only as the "a" wave of IV so a retrace and a move higher is what I am anticipating, but the bulls must hold the target area on any retrace.

Best to all,

Chris