Is the rebound a new uptrend (red), a fourth wave (gray), or another X wave (blue) of an LDT/EDT? See chart.
[1040am] SPX update -
Likely getting close to a more meaningful rebound. See charts.
[810am] ES update -
ES made a lower low overnight, in the form of a potential extended (v) of [c] (Chart 1, blue). The overnight low likely counts as iii of (iii) if the extension continues (Chart 1, red). At a higher degree, ES continues to wedge towards the potential black EDT support (Chart 2).
