SPX Achieves Wave Equality

Wave (v) reached equality with Wave (i) at 2370.56. That, with the VIX now back over its 50-day Moving Average, suggests the rally may be over. For safety’s sake you may wish to wait until SPX is back beneath its trendline at 2365.00, but I wouldn’t point fingers if at least a partial short position is taken.
The Market Oracle

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