The white/yellow bull count is in danger, not sure at what break it would be dead. Definitely 1225 but there might be an earlier place as well. I have adjusted my counts slightly. Still no definitive break one way or the other though.
Scrolling out a bit and using the 15min chart on SPY, we can see an ending diagonal forming with the proper divergence. This count may the correct count.
This count does seem correct to me, and then the question left is was this the end of wave 3 or wave 5? If it was wave 3 we can expect a bounce to 1290-1292 and then the final wave 5 drop. If it was wave 5 we can expect a bounce to 1330-1335.. Not sure which way it will go as of yet. There is a possible IHS that could form and that would point to 1330.
