This formation has been staring me in the face for months, and with the trend-lines converging, it might be nearing termination. Probably prudent to wait and see if it throws over the channel lines before reversing. If this count is incorrect, my next alternate is that where I have marked 3 and 4 are actually 1 and 2 a degree lower, and 3 is completing, not the entire wave. In that case we would still have some correction for a 4 wave, but alternation suggests it would be flat. The BPSPX recently made a blow off move, a reversal in BPSPX from this level is probably the real deal. Waiting to see the EOD print on BPSPX and CPCE.
