Debt ceiling minus 60 hours

The "Bullish 1" alternate count from Thursday's annual charts was violated yesterday as the SPX dipped well below the invalidation point.  The salient possibilities are thus my bearish main count and my alternate "Bullish 2" count, which we are in or have just completed (c) ending [ii] of Minor 5.  This alternate count is similar to Daneric's Minor 4 triangle count, in which we just completed (c) ending [e] ending Minor 4; the primary difference is that if my Bullish 2 count is right, the remainder of the up wave should see three more waves, whereas if Daneric's triangle count is right, there should be five waves up to come (unless the intraday up-and-down Friday was Minute [i] and [ii], but...).

For what it's worth, the debt ceiling could be interpreted several ways:

1. No deal.  People pour money into equities/commodities fearing hyperinflation.  Bullish stocks.
2. No deal.  People take money out of stocks on the grounds of US weakness.  Bearish stocks.
3. A deal is made.  People pour money into equities/commodities on the grounds that the world is not going to end (sell the rumor buy the news).  Bullish stocks.
4. A deal is made, but it's perceived as a temporary fix or otherwise bad.  Bearish stocks.

Even with the dollar it could be interpreted several ways:

1. No deal.  People sell their dollars fearing hyperinflation.  Bearish the buck.
2. No deal.  People flee risk assets and bonds, and there simply aren't enough Swiss francs to go around (or Switzerland somehow loses its safe-haven status.  Default, perversely, could be bullish the buck.
3. A deal is made, but the simple act of raising the debt ceiling makes people think it's just more of the same.  Bearish the buck.
4. A deal is made, and the feeling that the US is actually doing something is bullish the buck.

IT CAN GO EITHER WAY.