Hard to call a top after such run and so close to ATH, but there is a clear structure - so clear it could not be true - calling for a reversal here. The move since the august bottom is a three wave correction with every subwave in place. The last two days are forming a small ending diagonal (red trendlines), which usually finish with a "throw-over" outside the upper trendline and a swift reversal.
Awesome oscillator is diverging with price since thursday, too. So here or a few points above is a perfect stop to short the index for a new wave down below 2780: we would give a large stop of 15-20 points given the great reward the structure is suggesting.
Awesome oscillator is diverging with price since thursday, too. So here or a few points above is a perfect stop to short the index for a new wave down below 2780: we would give a large stop of 15-20 points given the great reward the structure is suggesting.