B waves on b waves.


That could have been ALL of micro B in the b wave fade still inside (iii) of our blue Leading Diagonal for wave i of 5 off the April low. But SPX might want a RTH print closer to 2720. ES holding ~2702 into open likely gets another shot higher in B before rolling in the micro C of b down toward 2680-2665.

@ES# - Alternate 4 - May-16 0804 AM (5 min)
@ES# - Alternate 4 - May-16 0804 AM (5 min)
@ES# - BIG Macro - May-16 0806 AM (1 hour)
@ES# - BIG Macro - May-16 0806 AM (1 hour)
SPX.XO - Micro Counts - May-16 0806 AM (15 min)
SPX.XO - Micro Counts - May-16 0806 AM (15 min)
SPX.XO - BIG Macro - May-16 0806 AM (1 day)
SPX.XO - BIG Macro - May-16 0806 AM (1 day)
SPX.XO - BIG Macro - May-16 0807 AM (4 hour)
SPX.XO - BIG Macro - May-16 0807 AM (4 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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