$SPX Micro Count: Bear Porn Edition

Here is some micro counting for the geeks.

The rally off the low can be counted as a correction, and since my sympathies remain tilted toward bear clan for the moment, I prefer this. And it’s my website so I can do whatever I’d like to.

It looks good as a 3-swing move and has good fibs. We would view blue c as an ending, expanding diagonal.

If this count is correct, Monday should give us a gap down.

SPX


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