Nice advance in stocks with low volume and decent internals.A number of tracking counts are still on the table (Chart 1). The rally into the close has, not surprisingly, managed to deliver tricky a 7 wave advance since the May 25th low (Chart 2). We'll see if the market can eke out a 9 wave advance over the next few days.
Chart 3 updates the QE fractal in $RUT.
[10am] count update (SPX) - 
[830am] Overnight update (ES, DX) -
ES - There's enough overlap and retrace to rule out a nested 1s2s down scenario, leaving the LD-down count still on the table (red). The most likely count is a completed zigzag-down to the recent low with a running flat within the zigzag (blue). The recent low could be the end of the correction or the first leg of the correction (Chart 1).
The first five-up from the recent low may have completed based on a version of the squiggle count in (Chart 2, blue), or the overnight high is the top of the small degree 3rd wave of the initial five-up (Chart 2, green).
For DX, Chart 3 gives an update of the squiggle count from its low. Blue=bullish, Red=Bearish.
