Today's close below 1,558 signals that the current leg up we have been tracking since the recent low of 1,578 may have ended early.
At this point we consider our model upwards to 1,600's invalidated and we are watching 1,537.
Before we can confirming a top here, we need to watch market action for a while.
We will be looking for impalsive waves down followed by corrections that will not exceed the recent high.
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