More Whipsaw, But Lower Still Likely
I wish I could provide a high probability small degree micro count to you for this current intra-day action. But, due to the overlapping nature of the action, there is nothing I can present and honestly claim it is a high probability count.
So, unfortunately, nothing has really changed from the weekend analysis. As long as we remain below 2140SPX, then I am immediately looking down. If we are able to move up to the 2150-2160SPX region, then it means this 4th wave has just extended, and is still setting us up for a drop in November.
I have added a lower resistance zone on the chart today, which must be overcome for me to even consider that the bottom for wave (ii) has yet been struck.