Decent-sized sell-off during after hours, but no lower low yet. Perhaps the potential triangle highlighted in the 210pm entry panned out, or wave [3]-down of v-down is already in progress (Chart 1).
At the same time, it's entirely possible that today's low is the low based on the black count on ES (Chart 2).
[210pm] SPX/INDU count update -
Hard to rule out a small-degree 4th wave still in progress, despite the lower low today. Various tracking counts.
[1140am] SPX and DAX squiggles -
SPX - expanded flat or wave [v]-down.
[935am] SPX / ES squiggles -
[830am] ES squiggles -
Post-GDP, potential expanded triangle connecting wave. We'll see if it is.
[7am] ES, DAX update -
ES - One more lower low based on the green count. Correction done or a deeper 2nd wave rebound based on the black count. The chart to the right shows potential squiggle counts.
