S&P

The US Indices of S&P and Dow touched the trendline of the highs forming what looks like a ending diagonal pattern. Prechter says that you should remain open to a top in the US markets even if they can push higher if they do. Steve maintains that this triangle is a wave 4 triangle and one more new high can occur. But in both cases we will start with a dip to the lower trendline to 2366. So given the risk that 2366 may or may not hold you should keep in mind the idea that an ending may already be complete and top in place yesterday night for US markets.