The following charts present tracking counts.
Wave structures of $COMPQ and $NDX appear to favor the blue count with one more squiggle high. If the blue count plays out, it will likely price out the bearish minor wave 2 count unless $INDU truncates or diverges.
[320pm] SPX/ES - Price action around the 130pm low counts better as an expanded flat than a completed three down (adopting a triangle or a running three) (Chart 2).
Odds favor an incomplete triple-three down per the bullish count (green), OR
an bearish LD down (not shown) , OR
a nested 1s2s per the bearish count (red).
The larger picture count is here - https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgLlk_0u75Ut6o-nDJFAtPJ0KG62No0ciDPhorRDRrZCFlqYYdBHRIU6sp5Oowyfi10NeWmhUsQoLF99MzFttV-bCQ4HFO_meQAMvpmw0QhMqj2L3T213JT3mEN22nkO1RmYehbXKFKqMud/s1600/spx-20101027-1033am.png
