It is not clear exactly what the count for subminuette (v) should be.
May be it's just wave 1 of (v), or may be we are still in corrective (iv).
@ 3 PM
That new low makes the case for a 5-wave impulse off yesterday's top.
@ 12 Noon
This is looking very much like a third wave, and if we break the 1100 low of Minute 3, Minute 5 will be confirmed.
Yesterday I pondered if it was possible to count a completed Minute 4, from 1100 to 1208, this might be it.
German DAX shows a pretty good flat for Minute 4, so the corresponding Minute 4 on SPX could be complete as well.
@ 10:30 AM
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