Count-not-rushing counts the pending high as the top of wave 3 (Chart 1&2 green). We will discuss a possible further extended wave 3 (i.e. [iii] of 3 is now extending) when there's enough evidence, but it is prudent to be aware of the possibility.
The alternative count counts the pending high as the top of wave 5 (Chart 1&2 red). Note that SP500 has more than reached the projected high of 1719 discussed in Gap Dynamics (9/13/13).
[210pm] SPX update(post FOMC) -
SP500 reached the measured-move target of 1719.
[1220pm] SPX update -
Tracking a potential fourth wave. See charts.
