What was the moderately bullish count I've now re-named the bearish count. Here's what I'm seeing currently:
SPX 1 min - bearish count:
Be warned - as I said earlier, until we take out 1159.71, there's a risk that we only saw wave i of (v) at today's high, in which case, this count would revert to bullish.
Taking out the high at1181.90 at this stage is going to cause concern on this bear count.
Here's the bullish count:
SPX 1 min - bullish count:
SPX 1 min - bullish count:
The decline could be forming an A-B-C or it could be a W-X-Y, with W at the low of 1178.42. We have to stay above 1159.71 to keep this ocunt on the table.
