SPX Micro-EW Count It looks like that the red micro count prevailed, which is now black, SPX counts well as five waves down for (i) and now a bounce in (ii), ideally to close the gap, which is very close to the highs. Some technicians argue that gaps do not need to be fully closed. New highs will make this count invalid, and the previous black count will be brought back.
Published May 19, 2026Updated May 19, 20262 min read
SPX Micro-EW Count It looks like that the red micro count prevailed, which is now black, SPX counts well as five waves down for (i) and now a bounce in (ii), ideally to close the gap, which is very close to the highs. Some technicians argue that gaps do not need to be fully closed. New highs will make this count invalid, and the previous black count will be brought back.
