(bullish) INDU and SPX completed a 3-3-5 running flat (See 11am entry). NDX completed a zigzag decline (Chart 1). Whether this is the end of the pullback or wave (W) of a larger correction remains to be seen.(bearish) SPX finished an initial impulse 1-down from its nominal high. INDU did the same from an orthodox high. NDX is in a bearish 1/2/[i]/[ii] formation.
(conclusion) Odds favor the bullish interpretation at the moment based on asynchronous nominal high between SPX/INDU and the overlap in NDX. Today's low is a key pivot.
[11am] SPX/ES update -
Three counts on SPX. 1-down from high or 3-3-5 (running?) flat in ES / SPX.
[840am] ES, DAX update -
