Price action is uninspiring. The Minute [b] count is on very shaky ground. Usually a B wave is considered a consolidation-type wave but this has been more of a quick impulsive selloff....almost...because however, using an hourly or a 10 minute chart, it still looks like a "three" down as of today on the cash index at least. A quick lower low tomorrow under today's price low would make the whole formation count nicer as a 5 wave structure down.
If Minor 2 high is 1131, then Minute [i] down of Minor 3, in theory, should try and take out the Minor 1 price low before bottoming. So hence the ALT count wave degrees is set based upon this principle.