SPX is approaching its next Cyclical hourly interval at 64.5 hours. I went back to see what I may have missed and the obvious item is the Wave relationship where Wave 5 seeks equality with the length of Wave 1. That occurs at 2332.13. The match does not have to be exact. A near miss or a slight overshoot can happen.

The Cycle Top support is now at 2313.50. That may be used as an advance warning of a probable trend change.

VIX has held up very well today. This may also be indicative that things are about to change.

ZeroHedge reminds us that the US Markets Are Playing Global Pied Piper.

Regards,

Tony

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