The proposed rebound came. It is so far a three wave structure, but impulsive looking. See Chart 1 to the right.Chart 2 updates the larger count. Chart 3 presents these counts on the squiggle level.
Bullish (green) - wave 4-down is either over or yet to see [y]-down of a [w][x][y] decline.
Bearish (red, blue, purple) - an LDT decline or a series of 1s2s down .
[1250pm] SPX update -
The proposed rebound in SPX came this morning. Let's see if it is a bearish wave X-up (or to a lesser extent a bearish 4th wave up) or the start of the proposed 5th wave advance (or the final [c]-up) since the June low (see this chart).
