From a primary count standpoint, my corrective W-X-Y pattern completed with today's opening low. However, my red Alt count is still in play because the bounce off the AM low only looks like a three wave bounce, which would align with a wave b of Y (red) bounce for the alternate.
That wedgie pattern remains and if the primary count is to remain in the pole position, this would imply that the bounce off the AM low was a nested 1-2, i-ii wave and a iii of 3 wave rally is in store at the open tomorrow. Otherwise, for the red Alt count we should expect an opening sell off that has wave c of Y = wave a near 3160
We shall see.
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| SPX - 15 Min |
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| SPX - 60 Min |
