Boxes Inside Boxes, but No Dead Cats

We have Schrodinger's consolidation inside Schrodinger's Diagonal... 

I will discuss more in a few.

We came too deep to be RELIABLE, but did not invalidate as a micro ABC down for the blue b of (v).

So far only a 3wave bounce from the ON-low. If we get another drop to 4438 or lower, we will both invalidate the b of (v) but have 5 down to a 100% for the "c". That abc would only be ~38.2% retrace (maybe 50%) so much more shallow than ideal as a (ii) of the larger LD, but certainly valid, and easily just a perfect flat as a wider (iv).

2 of 3 favor another drop toward 4438, 2-3 favor upside from the 4490-4438 region, and all three could actually be valid from 4453-4439.

At this point my personal pref would be tag 4437 and then get the new abc up for (v) to 4660s, then a CLEAR (a)(b)(c) retrace as circle ii. I do not see a good path for this to reliably be the (ii) and not getting deeper for (ii) of the larger LD makes it too big.

@ES# - Nano Counts - Feb-11 0743 AM (10 min)
@ES# - Nano Counts - Feb-11 0743 AM (10 min)
@ES# - Micro Counts - Feb-11 0745 AM (4 hour)
@ES# - Micro Counts - Feb-11 0745 AM (4 hour)
@ES# - PSAR and iCloud - Feb-11 0746 AM (4 hour)
@ES# - PSAR and iCloud - Feb-11 0746 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.