Tough call here on whether or not we have topped. We might have but there's still a chance of one more move up as when I look at the possible wave counts I could say that this pullback from yesterdays high is just a tiny wave 4 inside a small wave 5 up. Meaning we could get one last rally up today/tomorrow that reaches one more higher high then the 6074.75 high yesterday.
I don't think we make a new all time high but anything is possible I guess? The market will be past the turn window of the 6th-11th (if that happens?), but "turn windows" are always just "best guesses" based on the past. If we get that last move up I'll likely add another short, but for now I'm just holding short from last week as downside target hasn't changed and still should happen in the next week or so.
The preferred low is around the turn window of the 16th-17th, which is right before the FOMC, but "time" is running out on that kind of move completing. The next turn window is close to the end of the month with the 26th being the ideal date. I don't think it drags out that long but it might if we make one more move up today.
Have an blessed day.
