Chart 1 tracks top counts with the assumption of an impulse wave decline from the all-time high in SPX. Chart 2 tracks with the assumption of a corrective pullback.
Impulse wave decline (Chart 1)
[blue] SPX is approaching the end of (iii) of [iii] down.
[red] SPX is approaching the end of an LD wave 1 down.
Corrective pullback (Chart 2)
[red] A triple three structure is approaching its end
[green] A zigzag structure is approaching its end.
[blue] A larger combo. A upward expanded flat connecting wave (B) is in progress.
[1055am] SPX update -
SPX continues to track a triple three / LD-down or a expanded flat (B) as discussed yesterday. See charts.
[8am] ES update -
Note the red 1/2/3 (or ABC) count with a small-degree 4th wave triangle and the blue triple three count.
