This would mean that Friday's pop was a wave 4 -- which in my mind needed to be sharp and deep in order to give us an unbroken 2-4 trendline in the series. That's a very important rule for me for determining the proper bounds of a wave 3 and the rest of the mess.
|SPX 06-13 1Y|
You can see pretty easily that the orange line traces an ending-diagonal that began at the SPX 1737 low. The final thrust north would approach 1990 by the July 16th turn.
More notes on the charts. Have a good week! I'm busy planning summer hiking trips out into the shit with my girls.