The bearish count from Chart 1 in Friday's end of day update was invalidated today, which leaves the ending diagonal as the bearish count now (Chart 2 from that update) and the bullish count (Chart 3 from that update).
Here's the ending diagonal:
SPX 1 min ending diagonal:
It could be counted as complete at today's high, but taking out the high at 1183.93 which I've labelled (A) of [5] would help this count, but then I'd like to see 1171.17 and then 1159.71 and/or the blue dotted line get taken out. Taking out the blue dotted linewould rule out the alternative shown that today's high is only wave [3] of the diagonal.
Here's the bullish count:
SPX 1 min - bullish count:
If the labelling is correct and we're in wave 4 of (3), we have to stay above the wave 1 of (3) high at 1183.93. Taking out that high before we take out today's high would make me start to doubt this count.
