MTU Weekend Ed. - Probing (11/30/18 close)

SPX  is probing its SMA200 (2761.88) from below for a third time since its ATH (Chart 1).  There is a cushion of 13 index points ahead of a potential death cross.  Nearby dynamic support is around 2710 and nearby dynamic resistance is around 2770.

There are two potential bearish counts below the early November high, a potential 1-2-[i]-[ii] (Chart 2 red) looks more likely than a potential bearish triangle (Chart 2 blue).

Rising above the early November high would present a potential ABC up from the Oct low (Chart 3).

Chart 4 presents tracking counts (bullish and bearish) in a single chart.