The stage is set.

With a marginal new high in US Financials and broader averages, I am satisfied that the fifth wave is complete. I believe that internals of a large number of assets are also signalling a reversal. Notable among those is copper.

Below is an hourly chart of US Financials (XLF). It is done.

Short-term SP500, illustrated below on a 15 minute chart also signals a reversal. It is possible that we have just done the first wave of five that will make up the final fifth of a larger degree. That possibility is illustrated in gray. I consider it highly unlikely.

If indeed the top has been made at today's high, it will have missed my target range of 1040-1050 by less that 0.53 SP500 points. Now wouldn't that be fun?