There is a difference between knowing the path and walking the path.


We do not chose the path for the market, we isolate the most probable by degree and then look for confirmation.

NQ clearly look like a one-two start to its fifth off March.

As discussed last week ES cannot count as a clean 5up for one. EITHER it is 5up off a truncated low which is very hard to RELY on, or it is an (a)(b)(c) up and this is one-two of an ED for the 5th of (3). There is still an even lessor probability that this could still be a very deep (iv) of a rare 5-3-5-3-5 LD for i, but this most simple interpretation is the the ED. That need not change our larger degree targets for 5 of (3) in the 5500s.

SPX.XO - Primary Analysis - Apr-18 1156 AM (4 hour)
SPX.XO - Primary Analysis - Apr-18 1156 AM (4 hour)
@NQ# - Primary Analysis - Apr-18 1157 AM (6 hour)
@NQ# - Primary Analysis - Apr-18 1157 AM (6 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.


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