Losing the chance for a stronger rally to 3369.

Without the clear green wave ii for a more extended 5th...  A more muted top to 5 of (5) of P.3 is likely to come sooner and start the trek down in P.4 that I have targeting a low ~Nov 2020 (catalyst?). 

The lack of a cleaner consolidation also has many ind charts starting to lose some crispness and cohesion, and could see more counts morph into gorp to round out a top in market into 3000-3100 rather than a stronger rally to the 200% yellow Fib at 3369.

Ratcheting up support on every trade and looking at each chart on its own but through a risk management lense recognizing a larger top approaching will be very important.

SPX.XO - BIG Macro Clean - Aug-27 1256 PM (1 day)
SPX.XO - BIG Macro Clean - Aug-27 1256 PM (1 day)
SPX.XO - Alternate 10 - Aug-27 1307 PM (1 day)
SPX.XO - Alternate 10 - Aug-27 1307 PM (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.