Using gold as a contrarian indicator, this count would be a tertiary or further down the list in probability for me. (Expnd Flat wave IV of V) However, I think you're incredibly smart to have this on the forefront of possibility.
If we break the 2.618 extension (we're just at the 2.00) of the first wave up of this bounce/impulse, I'd move the bullish count to my primary.
RE: S&P 500: Primary & Alternate Longer Term