This is looking like a major top even compared to SPX. There's at least one more move down if it breaks the horizontal line, or beginning of big decline. The dashed horizontal line is key. If it breaks a possibility for a big move down. Other scenario could be a drawn out leading diagonal that takes time to develop made up of 5 waves, each being a 3 wave configuration.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.