Stock Market Reversal May Be Underway

There is a rising probability that my original Wave structure was correct. I have put it back to that count with the anticipation of a break beneath the lower trendline of the Broadening Wedge at 2103.75, with Short-term support beneath it at 2102.39. Thus far, today’s low was 2104.92. Should they both be broken, SPX would have an aggressive sell signal. There may be an aggressive sell signal from the Hi-Lo Index, since it has fallen beneath its mid-Cycle support at 67.08. It is currently at 54 and It still must decline beneath 14 to have a confirmed sell signal. We must monitor it for any upward movement.



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