SPX - 60 Min Preferred 12:27 PMI altered my preferred slightly because I think minute [iii] may be concluding today. Sell on the news for aapl ER and retrace for minute [iv].
Wave [5] of minute [iii] may be forming an ending diagonal. We have seen the ED scenario before too.
9:05 AM Update
It was a iv triangle. Now keep the alternate count in mind.This could be the final push up to complete the X wave. We wanna see 1184 taken out to confirm we are heading higher.
8:44 AM Update
A wave iv triangle?7:30 AM Update
7:30 AM - 5 minHere's my current count with the alternates. I believe my initial hunch was correct at EOD Friday.
I have added an alternate wave X at the top there. It is possible this corrective structure since 1184 is a wave 4 as part of a larger 5 wave move off the 1131.87 low on 10/4.
Futures is sporting a possible triangle.
