[EOD] Stocks topping-
Please see yesterday's EOD update for tracking counts on INDU. The following chart counts the number of impulse waves since the Dec low on SPX and their channeling characteristics (- traditional not new-age.)
These counts put SPX at a topping area either from the Dec low or from the Nov low. An updated chart will be posted after the close IF there are substantial development - i.e. a higher high is made.
[x] The Feb 21st high is likely either red #9 (which logically is [iii]-up) or purple #7 (which logically is [v]-up)
[x] If there should be a higher high, that high is likely either green #9 (which logically is [iii]-up, v of (v) of [iii] is an expanding EDT) or purple #11 (which logically is [v]-up, a contracting EDT).
[9am] ES update -
ES topping. Also see yesterday's EOD update for thoughts.