Closer to the "official" start of 5

Closer to getting resolution of the 4th wave, either as a final e of a triangle OML in an alt count or trying to confirm that i of 5 is already underway as an LD. While the orange alt for OML allows for up to 120pts of further downside it is not in a straight line and not even as an "impulse", but in a choppy Ending Diagonal that would bounce back to this region as iv from 2550 support... but with the ideal target for 5 of (5) of P.3 being the 200% extension in the 3350 region that still leaves a 1:6 R:R from right here! Garrett & I began adding some of the April StockWaves WatchList names for the 5th wave rally to the Coverage List, some of them are already up nicely or are completing final lows.

Some notes on the charts and smaller time fame support levels:

Sub-micro support 2618-2605 for retry at (B) of micro A of a of (iii) in blue LD off alt (ii). Under that and more likely 2570-2550 next.

Blue (C) of A target 2680 region.

2570 region is support for purple v of (c) of e of 4th wave triangle, under than and 2550 region should provide a bonce as orange iv.

@ES# - Alternate 4 - May-03 2309 PM (5 min)
@ES# - Alternate 4 - May-03 2309 PM (5 min)
@ES# - Alternate 4 - May-03 2308 PM (15 min)
@ES# - Alternate 4 - May-03 2308 PM (15 min)
@ES# - BIG Macro - May-03 2311 PM (1 hour)
@ES# - BIG Macro - May-03 2311 PM (1 hour)
@ES# - BIG Macro - May-03 2329 PM (4 hour)
@ES# - BIG Macro - May-03 2329 PM (4 hour)
@ES# - BIG Macro - May-03 2329 PM (1 day)
@ES# - BIG Macro - May-03 2329 PM (1 day)
Zac Mannes is co-host of the service Stock Waves within the ElliottWaveTrader Trading Room that provides wave alerts and trade set-ups on individual stocks.