[1000pm]Futures - no change, so far as high as 17.25 points higher than the low to date.
Another tracking count assuming the bottom does not fall out from here. This one tracks well in ES, YM, and NQ. At the moment, [c]=1.335x[a] which is more acceptable in a corrective structure.
The thoughts and observations presented in yesterday's EOD update remain applicable. Chart 1 to the right updates the larger structure using March ES contract.
The new development today is that a lower low was registered in many indexes with the exception of RUT, TRAN and MID. This creates interesting features in wave counts and interesting divergence among indexes.
Chart 2 (SPX) and Chart 3 (INDU) show various tracking counts on the cash indexes - the uncertainty lies with where did wave [b]-up or wave [ii]-up ended - that have the low being in today or have at least one more subdivision down. Chart 4 shows the similar situation that ES faces.
The path of least resistance ?
[1250pm]ES update -
[Overnight update] -