S&P 500 - Has now resumed the bear market

Despite the ideal turndate was on Wednesday we must accept that we now can count 5 waves up in wave C and that the break below 1,115 yesterday was the first good indication that the top is in place. A break below 1,106.03 will confirm the top and that the powerfull circle wave 3 down is in motion.

The high at 1,130.97 should remain unbroken at any time to keep this count alive.

Short term expect resistance in the 1,116-1,118 area for a break below 1,106 soon.