The market gapped up at the open today, hit the 2019 exactly, and then headed lower for the rest of the day in very choppy trading. In fact, we have not seen this type of wild swinging activity since nearing the downtrend low in mid-October. The short term wave pattern took on a life of its own after today’s SPX 2019 high with a series of overlapping waves down to 1982. The very short term count we are now tracking suggests one more lower low tomorrow, and then a decent rally. Short term support remains at the 1973 and 1956 pivots, with resistance at the 2019 pivot and SPX 2056. Short term momentum rallied at the open off Friday’s positive divergence, then vacillated above/below oversold for the rest of the day. Day traders market – best to your trading!