The market keeps grinding higher, as you'd expect when no significant level to the downside is taken out. Here's what I'm seeing at the moment. first for the bearish count:
SPX 1 min - ending diagonal from August low:
I've labelled it as complete, but there's no price action yet to support this. I'd like to see 5 clear waves down to start with and then a drop below that wave (4) low at 1173.14
Here's the bullish count:
SPX 1 min - impulse up from August low:
Here, if the labels are correct, we have to stay above 1168.68 in wave [4]. If we drop below that, I'll start to prefer the ending diagonal count above.
