Rebound yesterday+today after 2 legs down

The upwards move that started yesterday at 1:00pm and continued today is perfectly normal - it started right after $SPX hit oversold on the hourly chart.

As we explained yesterday, this is wave-4 of "c": Our target for this wave is 1,640-1,662 (1,644 today).

We will spend 1-4 trading days in this wave and then expect to turn downwards again (wave-5 of "c").