Monday’s trade may have put in the long awaited top to the very long term advancing sequences.  However, I’m not going to “call” the top just yet as it is very important at this stage to receive confirmation of the top via an Elliott 5 wave decline being discernible on the hourly chart.  Thus far the ES did break to new all time highs today by surpassing resistance at 4724, 4730 and 4736 with the top being 4740.  The ES did turn lower right off the highs and thus far appears to have completed 3 waves down to the closing low at 4674.  The ES should put in a slightly stronger bounce than what has already occurred with the hourly 200 MA and then the hourly 4 MA being likely candidates for a small 4th wave.  The next leg down should break below 4668, and 4658 with stronger support for the move coming in at  4625.  From the completion point I would expect a bit larger 3- wave bounce higher before the next leg down kicks in.