Update on an impulsive or corrective decline from the nominal high in SPX. See charts.
With the strong rebound from yesterday's low, the bearish impulsive decline now favors an LD-1 down or [i]/[ii]/(i) decline. From this perspective, the current rally is 2-up or (ii)-up.
[8am] SPX and ES update -
Chart 1 and Chart 2 tracks an impulsive or corrective decline from the nominal high in SPX as of yesterday's close.
Chart 3 presents tracking counts on ES in real time. In ES, we are looking at
(blue) a completed flat or (green) a completed zigzag or
(red) a impulse anticipating [v]-down of 3-down
