Looks like either wave a of 4 or iv is in or 4 or iv is in. Will keep an eye on the bounce off the 12/24 low. Primary view is a wave b bounce currently in the works. Alternate view is wave v or 5 higher is underway.
So far I count five waves up off the Christmas Eve low. (See 60 min chart below).
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| SPX - Daily |
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| 60 Min |
