Intermediate Term Top

Here is a chart of the weekly S&P 500.

I measured all the bull uplegs and the intermediate term corrections. Generally, twenty-and-something percent uplegs are followed by shorter ones. Measuring from the June low, the latest bull leg has already been 16% long, so, since the market is up against the 1800 resistance, and already committed above it, I think a drop has to happen very soon. The following correction would be somewhere between 7 and 10 % long.