Drop More Now Or Drop More Later?

I could still count this as only the (4) of micro 3, but easily large enough to be micro 4 already (ES 5min). Any move over 2896 starts to tip the scales in favor of "another" wave (ii) counting a low in this 2870 region as abc down for (i) in an ED for the circle c wave. (orange path in ES/SPX) NQ would then count as the blue LD for (i).

But as long as this stays under the 2896 region it can continue to cascade down in the (iii) of c of A toward 2700s.

@ES# - Nano Counts - Oct-03 0843 AM (5 min)
@ES# - Nano Counts - Oct-03 0843 AM (5 min)
SPX.XO - Micro Counts - Oct-03 0846 AM (1 hour)
SPX.XO - Micro Counts - Oct-03 0846 AM (1 hour)
@NQ# - Primary Analysis - Oct-03 0845 AM (1 hour)
@NQ# - Primary Analysis - Oct-03 0845 AM (1 hour)
@ES# - Micro Counts - Oct-03 0846 AM (30 min)
@ES# - Micro Counts - Oct-03 0846 AM (30 min)
SPX.XO - BIG Macro - Oct-03 0846 AM (1 day)
SPX.XO - BIG Macro - Oct-03 0846 AM (1 day)
@ES# - BIG Macro - Oct-03 0849 AM (1 hour)
@ES# - BIG Macro - Oct-03 0849 AM (1 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.