Well, there we had our price pop as suggested in the count.
The key wave marker is shown. If we just had the “third of a third” up, then we should see steady progress from here onward to finish wave C and the shorts who were not yet shaken out will be forced out and made to chase prices until wave (2) peaks.
The most bearish count is that wave C of (2) in the SPX is .618 x wave A. We are there if this is the case, and an immediate reversal should occur. But that’s probably not the case so don’t expect it to happen.
