So Tom DeMark got much more specific on his call for a top in the S&P last night -- like Right Here, Right Now. So it's a little eerie that futures are down hard this morning here and around the world as well.
Yes, I've been looking for a pullback all along that has not come yet, but if DeMark turns out to be right, it will be a surprise because the rally since the 1737.32 low does not look corrective at all. Sharp corrective waves are possible. This may have been one.
It should be noted that the official wave count at Elliottwave International called a top yesterday (actually a wave ii high).
1798.03 is the spot below which things could change to the dark side. Lower than that would not break the wave pattern, but doubts would creep in.
Apparently they already have. It's red everywhere.
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