S&P 500 - The top could be in place

We are in the endgame of the Expanding Diagonal. It's just a matter of time before the top is finally in place. I would have loved to see a rally into the 1,226-1,237 area, but if yesterdays top at 1,219.80 is it, that's fine for me too.

After having reached a top at 1,219.80 prices turned down, but not as impresive as I would have liked, but it might come today.

Wave C now has 5 waves, therefore could end any time now. To add confidence we need a break below 1,190.57 and more importantly 1,183.80 as a break below here would confirm that an important top is in place.

The alternate count is that an Ending Diagonal is forming, but as only two waves has finished, that would premature to make this call. A break below 1,183.80 would eliminate the Ending Diagonal possibility.

A Wave [B] could have finished with the test of 1,219.80 yesterday. The current decline could be a wave 1 and 2, but this is still a very early count and nothing is given yet.

I would like to see a 5 wave decline followed by a 3 wave rise, before making the final call.