Market Analysis for May 11th, 2020

May 11, 2020 - 9:13 PM EDT

SPX made its possible high for circle b this afternoon, but the ES did not exceed the high made on Sunday night.

So if this is the start of (i) of c still in ES we need to consider an ED.

Inside that possible abc for (i) of circle c, the c wave can itself be an ED.

The yellow is what I am tracking on the "Nano" tab as that seems to be the most probable from this resistance region based on the structure up from the 2820s.

@ES# - Nano Counts - May-11 2109 PM (15 min)

@ES# - Nano Counts - May-11 2110 PM (3 min)

@ES# - Primary Analysis - May-11 2112 PM (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.

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