The market gaped up at the opening and the ideal target- area between 1,130-1,150 is now hit, so is the middle of the wave 2-4 channel.I still believe the ideal time for the beginning of black circle wave 3 lower will be on Wednesday. It should be ideal to short the S&P 500 tomorrow or early Wednesday for a break below 1,115, which will be the first good indication that the top is in place.
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