Best count for the S&P500 might be the one below although I hesitate to call exactly when another significant bounce period will occur considering the terrible conditions of the underlying fundamentals (yes the entire world's financial system really is a Ponzi scheme) and the thought that if this is Primary wave  down, there should be a downward exertion that trumps that experienced in 2008.
Regardless, again the best count for now is that we have at least a 5 wave pattern down and that is indicative of a trend change.
A five wave move should "look" right from afar. Using the daily, this basic common-sense EW look passes the minimum test.
And yet another high pressure selling day can be seen.
NOTE: Its not the wave degree that matters so much (they may be one degree too high) but its the form that matters.
5 waves down pretty much confirmed in all indexes - less the Transports which are kinda impossible to count since their early Feb high anyways.
Now excuse me while I go read today's newest (June issue) EWI Financial Forecast bear pron.