Support for 2015 Fractal - 2900 Key

This got just a bit over the yellow-line in what looked like the nano green impulse, but last night could not hold ~3088.50 to maintain that structure.

While this should be a yellow (C) after-all it looks like 5 down already but not to normal proportions(3min)... Technically since 5 down to the .618 if you move the (A) to the green line low then this could be working on just a 1-2 of a more extended (C) (5min).

I think it is still easily possible to count a blue ED off Aug complete (more so in NQ) but if this is the iii of (c) of circle iii in the purple 2015 ED fractal ("alt 11") then we are certainly still over support for a (4)-(5) of micro C higher (SPX) and the 2900s are support for a ivth of the ED for purple (c).

There is still plenty of time for a normally proportioned (timing-wise) (A)(B)(C) for P.4 into late 2020 if we can break under 2900 soon, but if we do stretch further in the purple ED that will either need to compress or stretch into 2021. (SPX Primary).

@ES# - Nano Counts - Nov-11 0746 AM (5 min)
@ES# - Nano Counts - Nov-11 0746 AM (5 min)
@ES# - Nano Counts - Nov-11 0743 AM (3 min)
@ES# - Nano Counts - Nov-11 0743 AM (3 min)
SPX.XO - Alternate 11 - Nov-11 0747 AM (2 hour)
SPX.XO - Alternate 11 - Nov-11 0747 AM (2 hour)
@NQ# - Primary Analysis - Nov-11 0747 AM (1 hour)
@NQ# - Primary Analysis - Nov-11 0747 AM (1 hour)
SPX.XO - Primary Analysis - Nov-11 0749 AM (4 hour)
SPX.XO - Primary Analysis - Nov-11 0749 AM (4 hour)
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.