Updated

SPX's Elliott two scenarios , regardless of the bigger picture.

Whether your bullish or Bearish we are ending/about to end a 5 wave structure. Smaller
or larger degree we can argue all day long to the weekend and yet we could probably
be all wrong :-) (Welcome to Elliott wave count). Therefore here on this little tiny
degree count we have 2 options. Choose wisely ;-).

Note

Beautiful C or 3 wave here in play.

Note

Still both scenarios are in play here. If diagonal, then we should go down in wave 4 doubtful though on this i see RSI printing 90 on 15 minute chart. It's more probable
to have regulars 5 waves up 4251 could/might be our 3ed wave . 3=1.61 of wave 1.

Note

Invalidation of the "Purple " Count. No Ending diagonal here "3ed" wave is longer
than "1st" wave. This count be happing in a contracting diagonal. This next idea is more like a "ZOOM IN" for the next weeks of so. Therefore, Yellow count is in play as our primary one.

SPX's Grand Cycle count might/could be ending around May 6, 2021

samitrading

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