SPX500 - 1hr

I've been following this script for over a month now, and it's played out fairly close to expectations. I'm looking to thin longs from the 1800s in the 2080 region, then reload between 2000-2030 for one more push up near all time highs. Technical divergence on presumed coming high in iii would further support a brief topping in price. This divergence may persist throughout wave v of 1.

This is no time to add new longs imo. Wait for the pull-back in iv. Higher confidence on long-term entries would be on wave 2 in coming months, or even on taking out the initial expected wave 1 high after wave 2 completes. (Better illustrated on a daily chart).

The white line merely signifies where wave v would equal wave i off the low; its placement in time is purely notional at this point (note, wave v does not necessarily need to equal wave i).