Market Analysis for Apr 28th, 2020


3075 region is the 123.6% extension of 3, which is a typical target Fib for the 3rd of an LD.

But the c=a up at 3160 region which also has confluence with the 138.2% Fib for 3.

2880-2860 region is now ideal support for a continued impulsive path higher.

On the Daily chart we are back to PSAR dots on the bottom and we have also broken out above the clouds.

@ES# - Nano Counts - Apr-28 0827 AM (15 min)
@ES# - Nano Counts - Apr-28 0827 AM (15 min)
@ES# - Nano Counts - Apr-28 0826 AM (5 min)
@ES# - Nano Counts - Apr-28 0826 AM (5 min)
@ES# - Alternate 1 - Apr-28 0829 AM (1 day)
@ES# - Alternate 1 - Apr-28 0829 AM (1 day)
@ES# - Primary Analysis - Apr-28 0829 AM (1 hour)
@ES# - Primary Analysis - Apr-28 0829 AM (1 hour)
Zac Mannes is a senior analyst at ElliottWaveTrader.net and co-host of the site's Stock Waves service, which provides wave alerts and trade set-ups on individual stocks.