[Update 12:11PM: The S&P cash indexes may lack a 5 wave structure off today's spike high, but I wouldn't get hung up about it as the e-minis probably make a nice 5 wave impulse pattern down as the high was not matched during trading hours.]
[Update 11:56AM: All the squiggles are now sufficient to complete Minor 5. If it decides it must extend in either time or price, then so be it, its up to the market.]
The problem is, there is no 5 wave impulse pattern to the downside just yet. Even if this squiggle count below is correct, there is a lot of damage to prices and the last squiggle would probably truncate.]
Wave labeling color code as follows (note - [brackets] used in lieu of circles for convenience sake) :
Grand Supercycle - BLUE - [I] [II] [III] [IV] [V] - [a] [b] [c] Supercycle - GREEN - (I) (II) (III) (IV) (V) - (a) (b) (c) Cycle - PINK - I II III IV V - a b c Primary - BLACK -      - [A] [B] [C] Intermediate - RED - (1) (2) (3) (4) (5) - (A) (B) (C) Minor - BLUE - 1 2 3 4 5 - A B C Minute - GREEN - [i] [ii][iii] [iv] [v] - [a] [b] [c] Minuette - PINK - (i) (ii)(iii) (iv) (v) - (a) (b) (c) Subminuette - BLACK - i ii iii iv v - a b c Micro - RED -      - [A] [B] [C] Submicro - BLUE - (1) (2) (3) (4) (5) - (A) (B) (C) Miniscule - GREEN - 1 2 3 4 5 - A B C
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