S&P 1650, is very close to its final targets to end a 7 month long 5 wave rally. The end will bring a sharp correction in the US and should pressure on all world markets. We should be within days of this top, unless extentions happen.
The rally on the chart has been within a channel. I thought the April high was the 5th but that was part of a triangle in wave 4 as marked in blue now. The subsequent wave 5 is now a clear structure marked as I-II-III-IV, and V should end close to the upper end of the channel near 1658 anytime now.
This is a clear and present danger