So far not getting more of a Fade...


Can get OML as a 5th of a (C) wave but this look more like a corrective flat off yesterdays high set-up to pop again toward 2860s as the possible 5th of wave i of (c) in Garrett's ED.

Valid to still count as a b wave top here for now and any accelerate move below the green dashed line could be the start of micro 1 of c down. Either as (a) of circle ii, a deeper (b) of the orange ED or potentially all of circle ii... but that is looking less promising. IF we get a "5"th of i of (c) toward 2870 we SHOULD get a wave ii back to this region before the big breakout move.

*IF this stays under yesterday's HOD it is still possible, but over that it becomes a much lower probability... however the pattern will leave a bad taste in my mouth, and I will keep looking over my shoulder for a bigger retrace to jump out and say "Surprise!"...

@ES# - Alternate 4 - Aug-17 0619 AM (5 min)
@ES# - Alternate 4 - Aug-17 0619 AM (5 min)
@ES# - BIG Macro - Aug-17 0621 AM (2 hour)
@ES# - BIG Macro - Aug-17 0621 AM (2 hour)
SPX.XO - BIG Macro - Aug-16 2228 PM (2 hour)
SPX.XO - BIG Macro - Aug-16 2228 PM (2 hour)
@NQ# - Primary Analysis - Aug-17 0624 AM (15 min)
@NQ# - Primary Analysis - Aug-17 0624 AM (15 min)
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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