SPX REVISED COUNT

Analyzing the 60min SPX has brought me to a conclusion and a revision of previous counts.  With the Patterns progress since the 15th of March, I can now see a triangular pattern that when complete will have an ABCDE formation typical of a 4th wave structure.  When wave e has been met we should be looking for a move higher for the final leg.  The markets should receive good news or will be credited for the good news in the next few days when markets rise.

 

NOTE:  5th = 1st wave @ 1590 not 1580 if wave E turns up from 1550.