Depending on where (2) of [3] is on the squiggle chart, today's high is likely the end of [3] (green) or end of the impulse from the overnight low. Note that the more near term bullish count satisfies the rules (see green note), so it survives.
The larger count is unchanged at the moment (see green, blue and red counts on the 60min chart). Today's advance brings the market to the area of 0.382 fib retrace.
[340pm] SPX squiggles -
[225pm] SPX squiggles -
beautiful wave structures at the moment, three colored tracking counts on the squiggles.
[1220pm] SPX squiggles -
small-degree bullish triangle/double-three, but look out for failure
[750am] Overnight update ES -
