Getting A Bit Too Big

While I have been calling this pullback a wave (4) within wave v of (iii) (or c of (b) in the alternative count), the current pullback is getting to be a bit big for this wave (4). Yet, please recognize that it does not invalidate as a wave (4) until we break below the low of wave (2). So, for now, I am still leaving my count as this being a wave (4).

But, that means we are going to need to see a rally begin rather soon or this runs the risk of invalidation. And, in truth, I cannot say that there is a better count, as the count as shown makes the most sense from multiple perspectives.

So, as long as we remain over 7717SPX, I am going to look higher for one more rally pointing us ideally to the 7864SPX region. And, if we break support, then we will have to see if that break is impulsive or corrective.