Stay on Target - Market Analysis for Jun 2nd, 2020

3030 region now ideal support for higher in the c of 5 of (1).

The smaller 4 of (C) and micro 4 inside c of (iii) should hold 3050 region now, but the (iv) can fade as deep as 3030 region.

Closing in on a "local top" though. Wave (2) is going to bring back a lot of fear.

Garrett & I see a lot of charts that suggest it will drag into ~Sep/Oct.

Also since MANY charts are clearly Leading Diagonals getting AT LEAST a 61.8% retrace would be normal... some charts are clearly ABC up, some as (1) of an ED and thus the (2) is likely to be deeper and wider and some CAN be (B) waves.

@ES# - Nano Counts - Jun-02 0740 AM (15 min)
@ES# - Nano Counts - Jun-02 0740 AM (15 min)
SPX.XO - Sentiment Stages - Jun-01 2034 PM (2 day)
SPX.XO - Sentiment Stages - Jun-01 2034 PM (2 day)
@ES# - Nano Counts - Jun-02 0740 AM (5 min)
@ES# - Nano Counts - Jun-02 0740 AM (5 min)
@ES# - Primary Analysis - Jun-02 0751 AM (2 hour)
@ES# - Primary Analysis - Jun-02 0751 AM (2 hour)
Stay On Target
Stay On Target
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.