I still think the market is in the process of topping. Is it a H&S setup still in the works? I don't know, and I don't much care. The daily and weekly indicators are rolling over, we still have valid death crosses (the price can move back above as a reaction, but that signal has been sent and it can't be unsent) and a number bearish macro leading indicators (ECRI for example).
I still believe we are topping.
Move since the beginning of July does not read like an overall impulse. It reads like a 3 wave move. If this count is correct, then the target would be ~62% retrace for nearly all of the 6 charts shown above.
