No changes today for the Alphahorn Swing System as precious metals, miners and equities continue on long/buy signals and wheat and corn continue on sell/short signals. (As you can see, I resolved the issue with Ninja Trader and can post the index charts.
The 30 min SPX chart shows the bullish count that minor wave 3 of intermediate wave (3) is subdividing into five minute waves; minute wave [ii] looks to be complete or near completion. Once complete we should see an impulsive wave up toward new highs before intermediate wave (3) is complete.
The bearish count is looking for one more push up to complete intermediate wave (2) of primary wave [C] of Cycle 2. Under this bearish scenario, I’d look for the gap fill around 2045ish to mark the end of the bounce.