Both the primary and bearish alternate 1 count are aligned short term. The primary count either has the corrective move complete or the alternate 1 count has wave 1 of 3 complete.
Both are looking for a bounce. What separates the two is how high that bounce will be.
The bears need to hold any bounce below 1215.42 based on the bearish count and the bulls need to bounce over this to discount the impulse count down.
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| Primary |
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| 30 Min |
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| Alternate 1 |
