[6:50 PM UPDATE]
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SPX BEAR COUNT
I made some adjustments to the count. I think with the divergences and the rally, it counts much better as (i) complete and (ii) in progress now.
1071-1085 look like good targets for a minuette (ii) bounce if this is what is playing out. 
Some adjustments were made on this count as well. As with the bear count, we are looking for a corrective bounce but instead of a minuette (ii), it is a minuette (b). 1071-1085 would serve as a good target as well.
However, take note of the alternate labels because if the bounce is much greater that 1085, I would most likely go with the alternate count.
SPX MAsA close above the 13 day SMA. A MACD positive divergence clearly forming and a solid close over the head and shoulders neckline.
Obviously there is still some serious overhead resistance above. Let's see what the market wants to do into earnings next week.
