Here's a count that will accommodate new highs for the rally from the August lows but is less bullish than the bullish possibilties I set out in yesterday's end of day update - its a revival of a previous count that has the whole of the rally from the August low as an ending diagonal:
SPX 60 min - ending diagonal from August low:
This labelling limits the upside, if there is more to come, to 1192.52 in order for wave (v) to remain shorter than wave (iii).
Wave (iv) may have more downside to come, but it has to stay above the dotted blue line.
