while it is premature to call it a top..it is likely to be at least short term top...will see how the index reacts at 20/50 SMA ...if falls below ES1020, this could be it.
"In my scramble to make sense of it all in the final hour, I checked on the VIX. Sure enough, volatility spiked upward. The VXX, an ETF that somewhat tracks the VIX, has printed yet another potential (near-term) bottom. The chart below shows a hammer pattern often associated with bottoms. The volume traded on VXX was the highest by far over its entire 8 months of existence. This volume surge adds further weight to a potential bottom."
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