It may be possible that we're now into the [C] wave of a second zig zag from 1010.91. Here's a possible count:
SPX 1 min chart - double zig zag in progress:
We may already have a complete 5 waves up from the [B] wave low, which would complete wave [C], but it may still need another high. Also, those 5 waves may only be the 1st wave of [C]. If we take out the [B] wave low, that would eliminate the latter possibility and would increase the odds that we have a complete double zig zag.
