Market Analysis for May 20th, 2020
By
Zac Mannes
2947 ideal support for micro impulse off 2910. Either the extended vth of (c) of circle a (SPX) or possibly a fifth up for circle a (ES).
Starting to get a bit frothy again as we fill out the 5th wave off the March low for Intermediate degree wave (1), but still plenty of room for higher providing we can hold support.
<2920s now and more likely the circle b is starting and support for that from the 2970 top is likely 2860s. If we can stretch circle a more toward 3k then support for b should be the 2900 region.
@ES# - Alternate 1 - May-20 0740 AM (1 day)
@ES# - Nano Counts - May-20 0743 AM (3 min)
@ES# - Primary Analysis - May-20 0742 AM (30 min)
SPX.XO - Micro Counts - May-20 0748 AM (15 min)
SPX.XO - Sentiment Stages - May-20 0749 AM (2 day)
