The SPX completed it's wave structure by reaching a new high (not by much). At the same time neither DJI nor XMI reached new highs, conforming to their different wave structures. Everything is now in place for the decline. I covered the shorts at the new high and re-entered at a slightly better price. Now I expect the stock market to turn down in earnest into the I1 low next Tuesday, having fulfilled it's rally potential.
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