The weekly RSI, the daily MACD, and 240-minute divergence are all shouting “A MAJOR TOP IS IN”. Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com

SPX weekly 8-6-13

SPX daily 8-6-13

SPX 240m 8-6-13

Elliott Wave Analysis of the S&P-500 (SPX) by Sid from ElliottWavePredictions.com Click on the charts twice to enlarge.

While I’m leaving open an alternate possibility of one last slight new high in my alternate Elliott Wave count, if all I could look at was the weekly RSI, and the MACD on daily and 240-minute SPX charts, I would say that a major top was very likely “in”.

Sid
http://elliottwavepre.wpengine.com

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