[S+P500] update

The model from the backlink is busted but the general theme remains alive.   Wedges count as 3s even though they have 5 rail bumps.  Much of the movement is noise which does not result in net change.  So what the backlink marked as 4 was really just a of 4.  then the move down was a 3 wave b of 4.  So now we have 3-3 and then 3 up so far with the futures up.  Thus I suspect that this will end at about the level of blue a.  If that occurs then we have 3-3-5 flat correction, a real time waster.  The herd knows it is time to migrate soon but once the take the plunge into the river they know the crocs are going to eat their fill.  And so they are milling about on the banks wondering who will be the first into the drink.  One more 5 wave move up tomorrow which will hopefully reverse in the AM (thus telling us it is likely a significant reversal) and then time to pile into UVXY.