Key tracking options - The decline from the recent peak around 1375 in SPX is a small-degree B wave or the start of a downward swing (Chart 1).
The Dow offers a trackable wave structure (Chart 2). Unless the low is in at today's low, it's prudent to monitor (1)an expanded flat rebound (blue) (2) an EDT wave C-down to grind lower (green) (3) a triangle "rebound" (red).
[1050am] SPX update -
Top tracking counts - The low is in for this B-wave / 4th-wave (green/blue) pullback OR and bearish expanded flat bounce is still in progress (red). [750am] ES update -
