S&P futures are headed into a major top, but still have some work to do to get there. The daily count suggests some pullback before resuming the uptrend on one final push. I count a C wave down in the works now, but with the way the S&Ps have traded lately in a choppy mess, I doubt it will unfold in a clear 5 wave decline like I have labeled. The key is to look for something that resembles a C wave whether a clear impulse or perhaps a diagonal. Regardless, look for lower levels and a breech below 2034.50 before bouncing and resuming its uptrend. However, short term, it's oversold so a short term rally may occur.
PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.