Not surprising the rise to a higher high since April. This was expected and would see the weekly chart we are watching fulfill our expectation of a negative divergence on a longer term time-frame. Because of volatility, I would not expect the ST react fast enough on a CIT. Therefore, one must exercise caution when trading the downside, and make sure an exit is in place. Perhaps a 5th of C has topped and a 3rd wave to begin, or a b-wave top has ended and c-wave retracement to perhaps 1920 is starting. Either way, I am expecting a pull back and that is the important take from all these EW options.
R: NA (Upside Bias)