SPX appears to be testing its Orthodox Broadening top trendline at 2293.00. It is trading in a narrower and narrower band that is only two points wide in the past hour. I expect it to break soon. The break would be an aggressive sell signal, not confirmed by the VIX or the Hi-Lo.

The daily Cycle top support, which appears to be broken is at 2293.32.

VIX is being pressured to stay on the low side. At some point it should break loose. The Model shows a period of strength should already have arrived.

A Wednesday low is the closest (4.3 days) we may see for the anticipated Master Cycle.

Best wishes and good luck!

Regards,

Tony

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