VERY Important Inflection Today

At this point in time, I think the market has provided us very strong parameters:

As long as we hold the 2945-55SPX region, I am expecting this b-wave rally to top out.  

However, please realize that if we see a break out over 2965SPX, I would personally stop out of my short positions, as the market would then have potential to head back to the all-time highs if we see continued strength through that region within the current posture the market is presenting. 

So, I wanted to send this update out to the entire membership as a main update since we have such a strong inflection point we re approaching this morning.

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Avi Gilburt is founder of ElliottWaveTrader.net.