A near term bottom is likely in place at the day's low, which counts as (4)-down / W of (4)-down (Chart 1-blue) or (i)-down of (iii)-down (Chart 1-red). See Post-FOMC Update (6/21/13) for analysis of the big picture. Chart 2 updates
Squiggle count shows a reasonable five-up from today's low. See chart 3.
[1020am] SPX update -
[7am] ES update -
