Stubborn SPX - Market Analysis on Jul 12th, 2018

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)
@ES# - Alternate 4 - Jul-12 1159 AM (5 min)
SPX.XO - Micro Counts - Jul-12 1159 AM (15 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.