SPX500 two possible counts

FX:SPX500   S&P 500 Index
158 3
Always think of possibilities. I plotted two possible counts. The grey one is my base case. It makes abc correction look complete and proportionate. However, the market is weak and prone to sudden moves. Another possibility is in pink. This implies that the market (SPX) will gap at the US open, reverse and will never look back. This will be a disaster for my heavy longs. If the price pushes beyond 2920 most likely we are in scenario one.
wave 2 on 5m chart is taking a shape of abc expanded flat. Therefore the grey scenario is getting a tiny bit more likely.
Keep up the awesome work. Thank you!
@xCal, thanks
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