Progress at last. Two of the counts shown in yesterday's end of day update have now been invalidated. The count that had us in wave iv of (i) down has now been eliminated with the move above 1069.49. For the bear case, this leaves the expanded flat wave ii shown in chart 1 in yesterday's end of day update and the counts shown on charts 3 and 4. Here's the latter - a wave [1] of iii or wave i low (which I've put at the 27 August low at 1039.70):
SPX 1 min - i-ii-[1]-[2] or wave i down from 1129.24:
The next level we need to watch is 1100.14 - if that is taken out, then the main count shown on this chart will be invalidated and the expanded flat wave ii or the wave i low at 1039.70 will become the focus for the bear case.
