Stubborn SPX - Market Analysis for Jul 12th, 2018

By Zac Mannes

Jul 12, 2018 - 12:01 PM EDT

While ES still looks like only 3 waves up from the 2765 AH low, SPX can count as 5up now from its' low yesterday.

The green micro 5up on SPX would be for a potential quicker c from a more shallow b wave retrace.

*I might still be holding my breath for a C wave down to start...

@ES# - Alternate 4 - Jul-12 1159 AM (5 min)

SPX.XO - Micro Counts - Jul-12 1159 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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