i was just thinking this could be an irregular abc where B goes lower than A, I mean isn't that the type of count that EW was favoring to make 1104 the top of C?

Wel if this is wave 1 of 3 as it seems may be likely, the within that wave 1 looks like we need another wave 4 and 5.

So do we get a wave 4 bounce or another one of those drawn out sideways grinds?  And then after the 5th wave is in, how high will wave 2 bounce, just back to where we are about now 1070-1073? ahh the uncertainties of these markets.

macd showing a little positive divergence on the 5 and 10 minute charts, plus VIX and SPX outside their hourly BBs.