SPX futures are now trading at the 1150s cash-equivalent, which I believe to invalidate my SECOND count in the previous post. The question now remains as to which waves will complete today and tonight before the markets open. Particularly if futures move sideways in the 1150-1155 range, this would suggest Submin iv is underway, with the distinct possibility of it completing in the pre-market.
Unless I'm very much mistaken, Obama speaks Thursday after the market closes; this affords us 3 trading days in which to have Minuette (ii) so that the Minuette (iii) crash begins in the Thursday night futures and accelerates in the Friday pre-market and market trading hours. Of course, that might be too convenient, but notice that the 1135 bottom (my Minute [b] wave) was at about 10:05 a.m. August 26, and the 12:30 high was around 10:20 a.m. August 31 - almost exactly three trading days. Symmetry is conducive with a wave (i) bottom Tuesday morning, and then a Minuette (ii) "inverse cup and handle" rally lasting a day or two.
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