Ari Wald said market has a textbook bottom.
Take note that one month ago, he said market bottom at 3800.
When such big banks sell or move asset allocation, those multi-billions drop the indexes permanently.
Similarly all other banks, such as GS, MS or big funds do change asset allocation.
Once bottom, expect 6000 
What if bottom is Oct 13th? Okay, this is speculative again !
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Is one of the possible EW count 
If SPX shot above 4325 without making a new low, Oct 13 is the bottom. Feel like a tall order
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True, IMO, it is hard to touch that level !
But when no one expects turn around market change’s silently.
You know why? Yield curve finally inverted, we will again in nice recession now, but market hides it by jumping madly so that everyone is bullish from now!
At some day, market suddenly turns down…Ha ha ha !
Not sure everyone is bullish long term. Traders are bullish ST because of obvious technical re-bounce using whatever TA indicators. Market is not confirmed to be in multi-month uptrend yet. Look at the chart posted 12 hr earlier carefully, Mauro has expected this bounce long ago… don’t be fixated, he said all the levels to be valid or not valid. Knox is even more detailed.
Read what Mauro says…
The market is too choppy right now.
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When everyone is bearish, market changes to bullish…
ST 4-7 days bearish for next week FED mtg and LT - 30 days bullish run.
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What do you not understand? He hasn’t changed his count for ages. Just posting progress.
What do you not understand? => I do not understand anything…
Is he telling reversal is there (bearish) or Bullish?
He is bearish from the multi-week perspective. He doesn’t think the market has bottomed yet. He is waiting to short but won’t do so till the price rises into the box (50-61.8% retracement of the bearish impulse, wave (1)). If rise more than 78.6%, he thinks his count is invalid, but is still bearish, just need to post one of his other alternative bear count.