Today’s intraday weakness that let the index to take out a prior low @ 2264.06. This action made the prior high @2282.10 a swing high. Most likely this swing high is also a bear top for the 3rd daily cycle, which is also the weekly beta cycle high if this high @ 2282.10 is not violated by Jan 19, 2017. This swing high occurred in the daily bear top timing band. We will have confirmation of the weekly beta top by Jan 19, 2017.