Here is an updated chart from my last post on the S&Ps. It has following my projected path so far, so let's see how it continues to unfold. The larger trend is down, so surprises will be to the downside. I do favor a push higher to complete wave (ii) although it is not required. Also, remember that I have a VIX buy signal registered from last week I illustrated in a previous post. It was on the 130 minute chart (1/3 cash session), which also supports a rally to complete wave (ii) as well.
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