Correction Underway - Market Analysis on Aug 14th, 2018

IF this is yet another alt micro B or just b of (a) then the (C)/C of that can get OMH to 2845 region...

But a (1)-(2) of C down is still valid. And do not forget that this is how SPX left off at close.

Holding in the 2790-2770 region I think would still be most likely only a of (a) of circle ii, but if it were to stretch more to 2760-2740 I would be happy to count that as all of (a). Support for (a) extends down to 2720 region and even lower.

In Garrett's ED count I think 2770 is the ideal region that needs to hold for (b) of the circle iii, below that and more like (a) of ii.

SPX.XO - Micro Counts - Aug-14 0751 AM (15 min)
SPX.XO - Micro Counts - Aug-14 0751 AM (15 min)
@ES# - Alternate 4 - Aug-14 0745 AM (15 min)
@ES# - Alternate 4 - Aug-14 0745 AM (15 min)
SPX.XO - BIG Macro - Aug-14 0751 AM (1 hour)
SPX.XO - BIG Macro - Aug-14 0751 AM (1 hour)
@ES# - BIG Macro - Aug-14 0743 AM (1 hour)
@ES# - BIG Macro - Aug-14 0743 AM (1 hour)
@ES# - BIG Macro - Aug-14 0753 AM (1 day)
@ES# - BIG Macro - Aug-14 0753 AM (1 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.