One Final Count Possibility for $SPX

My complaint about today’s deeper-than-expected plunge was that it didn’t meet a lot of the fibs I wanted to see. So, that leaves us with another marginal new low, or, I just summoned a count I had not seen before until now. And it solves the other problem of the terrible fibs from the August high.

It solves that by breaking the structure from the August high into two unrelated pieces: the first part of the decline and that sharp rally to the CPI print are all still part of yellow “b,” whereas the rest is a single structure for yellow “c.” Anyways, if we don’t make another low, this is a good candidate saying the whole god damned thing is finally fucking over. Good riddance.

SPX


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