Here is Dan's count and he called the top yesterday. That is my alternative count.My primary count: we are at or near the end of minute [iv] of C at today's low 1049.80. Wave [ii] is a ZigZag ABC. Based on Elliott Wave Guideline, "wave 4 will almost always be a different corrective pattern than wave 2". So wave [iv] are most likely to be a Flat, Triangle, or combination. Dan's [iv] wave is a ZigZag. Also, time wise, it takes 5 days to finish wave [ii], therefore wave [iv] probably will have a similar "size" -- 5 to 7 days.
However, "wave [iv] never moves beyond the end of wave [i]". The high for wave [i] is 1039.47. Today market found some support at 50% retrace level for wave [iii], 10 points above wave [i]. If SPX goes under 1039.47, it will invalidate my primary count, meaning the market already topped at 1090, yesterday's high.
We will know very soon, maybe Friday, how it will play out......
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