Distracted BF - Market Analysis for Jul 24th, 2018

Jul 24, 2018 - 8:17 AM EDT

It seems like the SPX/ES is stuck in a battle between NQ, who wants to complete the entire LD sooner, and Da_DOW, who would be more content with a b wave and then c of (v) up... at the moment NQ is winning.

There is no clean count for ES in the purple c of (v) and NQ looks like it is best counted as an ED for that c wave of its' quick 38.2% "b" wave ~7200.

It is possible that NQ/NDX & ES/SPX complete muted c waves for (v) of circle i and start their (a) waves of circle ii and the Dow gets a "b" after all and then a new high over 25,420s when they get a b of (a) or just a (b) bounce.

@ES# - BIG Macro - Jul-24 0806 AM (1 hour)

@ES# - BIG Macro - Jul-24 0806 AM (1 hour)

INDU.X - Primary Analysis - Jul-24 0808 AM (1 hour)

INDU.X - Primary Analysis - Jul-24 0808 AM (1 hour)

@NQ# - Primary Analysis - Jul-24 0807 AM (2 hour)

@NQ# - Primary Analysis - Jul-24 0807 AM (2 hour)

Distracted BF

Distracted BF

SPX.XO - BIG Macro - Jul-24 0816 AM (1 day)

SPX.XO - BIG Macro - Jul-24 0816 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.

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