See charts and the 1120am update for comments. In addition, there's a potential HS in ES which, if tracks, projects to 1986ES.
[1120am] SPX update-
Squiggle counts suggest that SPX is likely at wave 3 off its August low (Chart 2, green, blue). Expect wave 4-down and wave 5-up next.
Also note that with an extended wave 3, there are 7 waves to the conclusion of wave 3. As such, this upswing can be counted as a double zigzag (or a zigzag with an extended terminal wave) at the moment (Chart 1 red). In this case the upswing is either a wave B-up or wave D-up of an expanding triangle (Chart 2, green).
