$ES - Market Analysis for Aug 30th, 2018

With the price action that we've seen so far since the open, I am tentatively leaning toward wave 3 of iii being complete and price now pulling back in wave 4 of iii. If that is the case, then the pre-market low at 2907 needs to be taken out, after which 2901 - 2890 becomes the target support below.

ES U18 - Micro - Aug-30 0703 AM (2 hour)
ES U18 - Micro - Aug-30 0703 AM (2 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.