Here's another way of corfirming a top. The graph shows the CPCE, which is the put:call ratio for stock equities. If the CPCE rises above 0.775 tomorrow and violates the double confirming line, there will suggest a top is in.
On the second graph, if SPX goes below 780 within two days, the uptrend will be changed, otherwise it may be a buyable dip. Why? 4 vs 4, the one wins dominates the prevailing trend. Though stock futures are down as of this evening, be on alert for the possibility of a big bullish turn-around in the afternoon.
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