The bearish alternate is the pink count that has a much larger impulse wave down in the works. This would play out as a larger wave (c) on the daily. One can use the blue labels as well. Wave (c) =(a) near 1860 and 1.618* (a) near 1710.
The bullish count is that the wave structure is now completing wave (c) of the triangle. It is hovering at the lower trendline. This bullish count would be out if 1867.08 or 8/25/15 low is taken out.