Caldaro Pivot Points–be aware…
If a complex flat this pullback should bottom around SPX 2248. If a complex zigzag then there are three potential areas SPX: 2243, 2233 and 2221. For now we continue to count the SPX 2278 uptrend high as wave 1, and this pullback wave 2, of Minute iii. However, we can no longer rule out that this pullback might be Minute wave iv. Short term support is at SPX 2243 and SPX 2248 with resistance at the 2270 and 2286 pivots.