One last spike up to 270.50, a Fibinacci .618 retracement

The continuing corrective pattern has taken the shape of and expanded flat, a 3-3-5 form of corrective wave. It should peak at 270.5 today for that last kiss of the baseline and then reverse lower. I leave the big red down arrow where I called it (too early) last week because that is still where the wave forms are saying the market should go from here...time will tell...