Long Term SPX Still In Trouble...

This long-term monthly chart with the wave count (assuming its accurate) on it suggests we've made our high. A rally over the next few weeks should be viewed as an opportunity to sell at higher prices, and even short outright. I think SPX still needs to flush out again, but we may have our short-term swing low in place. Expecting a retrace of the swing back in the 61.8% level to re-initiate short position.