Last night I suggested perhaps we get a series of ones and twos to the upside in order to get over the down-sloping trendline. The other thought of course was that there would be a "sluggish" rally that just simply works through. The sluggish, slow and steady has won that debate.
Industrials. Best guess is we are looking for the top of wave iii of (c) of [y] of 2.
You can see the down-sloping trendline was pushed through today:
Best guess SPX count: