es 1-14 update ~ E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! Eloquent morning ~ spy added a bit more complexity into this count looks like we're going to be playing out an even longer correction than originally imagined - this could be good with a strategic plan - but definetely not a good sign for the perma bulls\bears. more pain ahead of us, before we see any clean moves to the upside. (1-2 months more perhaps). ---- after a 5 wave move down overnight, spy looks to have bottomed at the -0.236 w5 algo target. i do think it's only a wave A though, and wave B takes us up 4690 before another leg down into wave C to make a new low in this local range. That wave C dip will be for buying, as the next move up will be a pretty big one