What a mess! A couple of possibilities on both bullish and bearish counts:
Bullish:
SPX 1 min - bullish count:
Perhaps we've started wave (3) up or wave X of (2) may have formed a triangle and we may have another drop to come in wave (2) before we start wave (3) up.
We have to stay above 1155.71 for this count to remain valid.
Bearish:
SPX 1 min - bearish count:
We may have started wave [3] down. If so, we have to stay below 1181.20. Alternatively, we may still be in wave [2] - in that case, we have to stay below 1184.38.
Taking out today's low would help confidence in this count, but while we remain above 1155.71, the bullish count remains.
