The Vindicator Buy/Sell index (a proprietary indicator that measures buying & selling pressure) shows a steady decline of buying pressure (green line) after an initial 1st wave burst off the June 24th low:
Sentiment as measured by the VIX is showing high levels of complacency:
And the current EW count shows the ES/SPX in the 5th of a 5th wave:
All of which is to say that the odds highly favor an intermediate term top near at hand.
AND if the long term bear alternate count is the correct one, then it will be a very significant long term top:
Well, if you are right on your one scenario, you missed it by 3 ticks. Gonna have to sharpen that pencil. I look forward to seeing this weekend.s post. Thank you for sharing your work
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