The afternoon selloff was swift, but remained a three wave structure to the day's low. If the current advance has not topped, today's development leaves several interesting possibilities.
 Perhaps the most interesting one is the possibility that waves will indeed resolved themselves with a small EDT within a large EDT (Chart 1, green). In this case, today's sell-off is wave d of (c).
 It is also possible that today's selloff is a small-degree wave 4 (Chart 2 green) of the final subdivision or wave 2 of an extension (Chart 2, red).
[1030am] SPX update-