Chose Your ED Extension.

As it is now more likely that we see at least a (iv)-(v) of an Ending Diagonal extension of v of 5 of (5) of P.3 off the June low, or the slightly more complex ED fractal to 2015 for the whole 5th that Garrett has been tracking (shown in purple). I am adjusting my larger Sentiment chart ("Alt 10") to push the path for Primary 4 further to the right since it will need to restart. As discussed on the Beginner's Circle Webinars it is possible it still tries to complete into the November 2020 #Catalyst but that looks a bit too compressed to be looking for from the start when we have not yet even completed the EDs or broken any support.

Ideal support for either the blue (iv) or the iv of purple (c) of circle iii in the slightly larger ED are both in the 3040-2950 region. Technically both are still valid below that but <2920s and the purple starts to break down and < 2890s the blue (iv) starts to lose it. When support does eventually break the move down inside the A of (A) or even all of (A) could accelerate rather quickly.

*Not speaking in any terms of a direct "correlation" but Metals and Miners are in a unique setup to benefit from potential in-flows.

SPX.XO - Alternate 10 - Nov-29 1127 AM (1 day)
SPX.XO - Alternate 10 - Nov-29 1127 AM (1 day)
SPX.XO - Primary Analysis - Nov-29 1121 AM (4 hour)
SPX.XO - Primary Analysis - Nov-29 1121 AM (4 hour)
SPX.XO - Primary Analysis - Nov-29 1122 AM (1 day)
SPX.XO - Primary Analysis - Nov-29 1122 AM (1 day)
SPX.XO - Alternate 11 - Nov-29 1132 AM (2 hour)
SPX.XO - Alternate 11 - Nov-29 1132 AM (2 hour)
GDX - BIG Macro - Nov-29 1139 AM (1 day)
GDX - BIG Macro - Nov-29 1139 AM (1 day)
SPXvsGC - Primary Analysis - Nov-29 1140 AM (1 day)
SPXvsGC - Primary Analysis - Nov-29 1140 AM (1 day)
INDU.X - Primary Analysis - Nov-29 1151 AM (3 day)
INDU.X - Primary Analysis - Nov-29 1151 AM (3 day)
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.