If this is Minute [ii], then it should be about over. The retrace was well above 61.8%, Time factor has been ample and overly bearish sentiment has been shaken out more than sufficiently.
We have a decent double zigzag for Minute [ii] as the primary count and there are sufficient waves in place to consider it finished.
Finally some interesting movement in the 6 month rate chart, Interest rates will, of course, be the financial system's downfall as we are seeing in Europe. The FED can influence stock prices, they can influence a lot of things, but they cannot influence it all at once. The market is simply too big. Eventually it will all get out of hand.
A bearish setup in Breadth and long shooting star candle.
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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