10/6/15 -

Let us revisit the daily chart and exam the current probabilities.

Daily

Off the 5/21/15 high, I count a large a-b-c flat out of the ending diagonal. From there, the 60 min chart highlights the other possibilities for wave c of this flat.

60 Min

Either we have five waves down to complete wave c of the flat or wave iv of c is underway.

If wave iv is underway, it may be a flat as well with its own wave c approaching the 50 day SMA and may almost be complete near 2000.

Here are the wave c extensions relative to wave a:
c=a at 2020
c=1.618*a

Weekly

 Haven't posted my long term weekly chart in a while. Assuming the flat on the daily chart is complete, it is very possible that wave (4) is complete. The alternate is that wave (a)? of (4) is complete (daily chart).

10/2/15 - EOD Update

Short term not quite a flat as previously speculated but more like a double zigzag. Pretty much the same result.

The corrective wave structure is now approaching 62% retracement.

5 Min 

To throw a wrench into the shorter term view is the 60 min chart. The larger flat still looks very viable along with the double bottom formation.

The bulls closed it above the 20 day SMA. Is the 50 SMA the next target at 2000?

60 Min 

10/2/15 - AM Update

[6:34 AM] - Possibly a flat forming on the 5 min chart. The blue option would be more bearish.

6:34 AM - 5 Min

10/1/15 - AM Update

[7:01 AM] - The bulls lost their potential impulse count by retracing below the green line. If the red and blue counts are in play, looking to go short if the bears can put five tiny waves down together on the 1 min chart. Short the retrace.

5 Min