$SPY Bear count

This is my SPY Bear count, similar to what I posted during the middle of the week on twitter (@btwice2), but added the waves I see within C. I could see this extending slightly above the downtrend line just to get rejected and flushed down to the 420 range to find the real wave 4 bottom.

If this is going to happen the bears need to flush any attempt at rally early next week. A break above and backtest of the downtrend line and bulls regain control.