S&P 500 - We are in wave 5 of C

Wave 4 of C ended at 1,089.03 and we are now in wave 5 of C. Ideally wave 5 will end in the 1,130 - 1,150 area, but be aware that all demands in regards to structure now is fulfilled and a top can be seen at any time now. A break below 1,099.34 would be first indication, that the top is in place, while a break below 1,089.03 (bottom of wave 4 would confirm the top.

When wave 5 is done a new impulsive to the down side should be seen as black circle wave 3 developes.