Looking For Resolution Over The Next Two Weeks

With the market pushing a bit higher today, nothing has really changed in the overall picture.  So, I am simply going to suggest you re-read yesterday’s update.

In the meantime, we have enough waves in place to consider all of the c-wave done, and we also have come close to the a=c region represented by the green line on the 5-minute SPX chart.  So, I can’t say it would surprise me to see us break below the support noted on the 5-minute SPX chart.

But, I think the structure would look best with the 4-5 as presented on the 5-minute chart, so I am maintaining it as my primary count for now.  

Ultimately, we are seeking the structure with which we break support to give us our guidance going forward.  And, I am going to assume that the next week or two will likely provide that guidance.