Could a truncated fifth wave be in place? We have a clear five wave rally from 10,235.78, which add confidence in a top being in place, but we can first really spot truncated fifths when they break below important support, whivh in this case is at 10,328.29.
Also adding confidence is the negative cross on the MACD indicator and massive negative divergence.
We still don't have enough evidence to call the top for good, but we should stay alert. The very speculative trader sells a break below 10,398.70 with a stop just above 10,511.33 if no new high is seen.
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