$ES - Market Analysis for Nov 7th, 2018

ES approaching the .618 retrace as potential resistance at 2809. Shouldn't exceed that if completing 5 waves up off the October low, with a break back below 2773 as the initial indication of a local top. Above there and it will look more like a c-wave in progress shown in blue that can stretch to 2860.

ES Z18 - Micro - Nov-07 0906 AM (1 hour)
ES Z18 - Micro - Nov-07 0906 AM (1 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.