SandP reached its high last night

[#1]

The S&P seems to have put in a top at the 1328 level. Target for C wave down is 1266.

[#2]

Before I am accused of not giving reasons. Reasons it may have reached its high = 127% extension from swing low to swing high completed (with some symmetry and confluence to previous swing high and lows). Dow confirming with possible double top. RSI on daily overbought and diverging on hourly (this is not something we give any real weight to but worth noting).