Been a little side tracked. Not too much to add other than a little clean up on the counts. Since my post on 10/12/2020, I laid out two options and I wrote:
Either:
1. Wave 1 of (3) of five will complete all five subwaves i-ii-iii-iv-v
2. wave b of (2) as a flat is near completion and will either reverse near the all-time high here. Keep in mind, there are only three waves up off the September low so far so very much still in play.Since then a nearly 300 point decline has occurred and with that decline, the 1st option was taken off the table. Option 2 took the pole position so now we'll have to see what type of flat plays out or potentially some type of combo corrective to complete wave (2) of [5].
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| SPX - 60 Min |
