Primary count is b of (c) of [e] of 4 of (C) of P. 1331.48 may be the price top of (b) regardless.
Still a lot of uncertainty and jumpiness in the markets. At some point an [e] wave (in a bullish-type Minor-sized triangle) should make you think "this is the end of the bull trend, the market is going to go down". Thats the psychology of an [e] wave. So far we haven't yet had that moment I don't think although the more price creeps down, the more the thinking begins to harden.
Price has certainly been damaged enough on the SPX and Wilshire to fully eliminate the Minute [iv] of Minor 5 count. Even if prices went straight to 1370 area from here I wouldn't call it Minute [v] in principle. I'd just call it a thrust up out of an [e] wave to encompass Minor 5.
However it would certainly "look right" if the [e] wave had lower prices. Specifically, where (a) = (c) for starters at 1288ish would be a start. I'm counting on prices dipping below 1298SPX at least.
It seems thats the way it is playing. Would a deal be a "catalyst" for a thrust higher at a key junction? Its almost as if Elliott waves are predicting a done debt deal next week and the market will thrust up as a result.