This chart suggests a possible EW roadmap for the activity since the Jan high.
Note that SPX has created a which threw over the higher line in late august and has since fallen
back under this line.
Given that there is large divergences in most indicators this may signify the top but to be sure I will be waiting for
a break below the lower line and more significantly 2793.
I have shown the ATR indicator which has been falling since the end of May even though the SPX has kept rising.
This means that only a small number of stocks are fuelling this rise, any guesses which ones?