down of 4. 4th waves typically last longer then then the 2nd wave, and in this case, the 2nd lasted close to one month, so this 4th wave could easily drag on for a couple of months and not be out of the norm.
7:31, Odds are still favoring the SPX to be tracing out the "B" wave of the 4th. 1176.91 which was the previous minor low could be a tell for the triangle, any break below here opens the door for the SPX to run down towards the 1156 level turning the triangle option 3-3-3-3-3 into a flat 3-3-5 marking the "B" wave as finished, and then working on the "C" wave down. The Dollar remains on fire, breaking above the previous low of $80.17 overnight, currently the HOD is $80.60, next spot of resistance is the previous high of $83.635.