Yep, like I was saying yesterday (SPX Count) I think this current wave up was done. There is still an outside change that we could make one last stab at a new high for this rally, but I think that it is less likely than just heading down for awhile. The breadth really tapered off and the up volume STINKS!!.
Disclosure: I am short.
Looking at the channel chart, all of the uptrend channel lines are broken. Save the last pink one. We may get a bounce there. But I don't expect another new high to result from it.
