It would seem that inter-index relationships, cycles, momentum, sentiment, and the Wave count all suggest that the S&P 500 is approaching an intermediate top. In turn, this implies that the S&P 500 is on the verge of its largest correction since at least the May-June 2009 pullback and perhaps since the January-March 2009 decline.
The chart and comment above are from the first page of our new Short Term Review. This is likely to be the last report before we move to a new subscription service, probably in early November. This new report was already been sent to those who have expressed a desire to be a subscriber.
In the meantime, we will continue to update this blog with detailed posts. However, as our new website becomes a reality, these comments will move to that site. This blog will continue, but, out of necessity, these posts will contain less detail.
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