Last night's update showed a potentially complete correction (double/single zig zag) into yesterdays high.
Here's the count for a complete corrective wave on ES at the overnight highs:
ES 5 min chart:
If the move off the 1 July lows was corrective, we need to see really decisive impulse moves down now, assuming the correction is complete. Otherwise, there remains the risk of the impulse count from the July low which I show in the chart of Option 3, which could just keep taking us higher. On SPX, the invalidation point for that impulse as labelled is 1028.74 - its a long way away, so as ever, caution is required on the short side.
