From yesterday's post I said the bottom signal from my 60 minute chart ... will be confirmed if we trade above 129.80 before trading below 127.80 on the SPY
That obviously didn't happen and we made a lower low today. But as an interesting point, it got much closer to the 1x time, 1.62 price target. And my 60 minute cycle indicator turned down but did not yet make a lower low.
So we are at an interesting juncture. I still tend to think we have a low occurring here, but that would need to be confirmed by up days on Thursday and Friday. If that doesn't happen, then I really start doubting this count.