US500 evening update
This count has US500 in wave ((5)), with key support at 5677.8.
I have area in green ellipse as a complete five-wave structure, with 1>3>5. This remains valid as long as price remains below 5829.7.
If price remains below 5829.7, then will look for corrective structure to finish above 5677.8 for a wave (2) of ((5)) or an impulsive structure to take out support at 5677.8.
If 5829.7 holds as resistance and 5677.8 breaks as support, it would suggest five-wave structure from 5 August low is complete.
I have area in green ellipse as a complete five-wave structure, with 1>3>5. This remains valid as long as price remains below 5829.7.
If price remains below 5829.7, then will look for corrective structure to finish above 5677.8 for a wave (2) of ((5)) or an impulsive structure to take out support at 5677.8.
If 5829.7 holds as resistance and 5677.8 breaks as support, it would suggest five-wave structure from 5 August low is complete.
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