SPX topped on Sept 5

80
I believe the Sept 5 Friday gap up and reversal at opening marked the top of the rally since Apr lows.
1. RSI div on Daily
2. Extreme chop and fading momentum since August which is typical for wave 4
3. Broken Apr trend channel and retested
4. Divergence between SPX and NDQ (which didn't make an ATH)
5. Risk-on assets like SMH (e.g. NVDA), XLK (e.g. MSFT), and BTCUSD are all breaking down

Even though there is more upside, it would be limited and we are in the late stage rally since April. Sept seasonality is real.

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