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 4^th 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.