SPX Target Capture Trifecta

SPX captured its target zone for the third time in a row, then reversed (for the third time):

As noted on the chart, bulls do still have a "gotcha" option, where they could revisit the current 2/B high before declining again, but presuming SPX breaks 5390, then that would most likely resolve bearishly.  If it holds 5390, then anything is possible.  Not much else to add beyond that, but do continue to keep in mind that big picture, we were looking for a possible MAJOR top when the market topped, so the most bearish long-term potential is that we just ended the bull market.  Trade safe.