The SPX is now at minuette wave iv) within minute wave iii of minor wave (v) of Intermediate wave 3 of Primary wave 3. This index has been domesticated by the FED and their market controlling agents. The lack of normal price variation and volatility is amazing. The markets have never been like this ever before. It is unnerving to a large number of potential and actual participants. Minor wave (v) has extended. Since minor wave (iii) is larger than Minor wave (i) then there is no limitation placed on the eventual size of minor wave (v) and the present little correction could turn out to be for the purpose of further extension.