S&P 500 Nearing a Major Peak

Although the center chart of the S&P 500 shows only 3 of 5 completed of Primary wave 5 from chart #1, there is an alternate count that suggests all 5 of 5 have completed and we are now descending in the first leg of the new major bear market.  The intensity of today's selling would suggest that as well, but for now we will stick with the preferred count illustrated.