Per Market TAO Fri 8-28-09.. Topping Out SPX

Yesterday we got a break out of the Asymmetrical triangle on the ES Futures to both sides .
the down break was a False Break and turned to the upside and broke to the top of "T".
This shows the need for the fund managers to move into equities. the US Dollar tanked at 10:30
and we have been lifting north.

The open is a gap up with a target of 1040 -50 which will be the top of wave 5 completion.



Watch My Chart Cycle Video
http://neboxian.blogspot.com/2008/08/5-phases-of-stock-chart.html

Today price touched 1039.80 on this Daily SPX 500 chart.

The 5 Doji's beginning with the first one touching the Third Extreme Bollinger Band is a Topping Out Action and a sideways trading move can last 4-16 days .
The pink and yellow dotted lines are the expected range for next week .... it is possible to get a final Sharpe spike to 1050 before market begins the down leg.