Now, I say significant top. Does that mean 'P3' started on Monday? ... Hardly. Anybody who has been reading my work for the last several months knows that I abandoned that option. Here is the most recent large study of what I think the landscape looks like: First Derivative of the S&P 500, Long Term Study.
I am updating a few of my longer term charts so that you can see what I am currently thinking.
Short term (I am counting this move down as a sharp double corrective)

Last Intermediate wave:

And NO, it wasn't an impulse:

Primary Degree Wave:
