SPX Daily - Tuesday, Apr 26

@ 4 PM
As suspected on Thursday's close, subminuette (v) has extended.
5th waves can sometimes be tricky, they can truncate or extend.
Now that 1344 has been taken out, it should eliminate a lot of bearish counts.

@ 12 Noon

Silver is solidly in the Minute 4 correction. It is likely to buy time here before completing the parbolic run in Minute 5. Possibly along with minuette 3 of SPX.

For SPX, the best guess is that we are still in minuette i. The abc correction we spotted yesterday is way too small to be a minuette ii. Most likely subminuette (v) is extending and today's action qualifies as a 3rd wave of a low degree.

We will adjust the squiggles if and as necessary once we can identify and confirm the start of minuette (ii).