SPX 60 MIN - BEAR
Things still are not very clear to me
in either direction. Both the bear and bull counts still call for a move down. Until an EW rule is violated it may be better to wait and see.
The bear case obviously improves if a new low is made and will rule out the bull count below,however, the optional count kicks in. We'll just have to wait and see.
SPX 60 MIN - BULL
SPX MINI
The mini is a little easier to count and may justify the bull count above.
SPX 15 MIN
I bumped up the alternate count on this chart and placed minute [i] at the top. We are currently working on a minute [ii] pullback, which is represented by a double zigzag.
I think this makes the most sense to me at the moment. Again, I think the minis is telling us the same thing.
SPX 60 MIN - OPTIONAL
I had this count a while back and modified it a little bit as reflected in the bull count above after that 3% rally day.
I wanted to bring this back since I believe it is still an option.
Based on this count, minuette (c) is in progress to wrap up minute [y] of Minor B. Fibonacci targets are below as (c) relates to (a).
