POTENTIAL NEAR TERM TOP

There is a perfected TD sequential 9 count forming on the S&P 500 Pit Daily chart which would indicate the possibility of price exhaustion and a near term top. In addition, the Cumulative TICKscore hit a new 30-day low. The S&P has been posting negative TICKscores on a daily basis this month while the market has rallied 2.7% since the Labor Day selloff. This demonstrates a total lack of institutional support on the rally and adds credence to the assumption of a possible formation of a near term top