Updated Snap-Shot of our Fifth


Trying to sync SPX/ES & DJI subwave counts that all seem to be slightly off by a nano, miniscule, sub-micro or micro degree.

The support levels at these smaller time frames are similar, with all ideally holding yesterday morning's lows on any of these consolidations as they press higher in the counts.

I am still trying BOTH a green more aggressively bullish impulse which is my primary in the Dow, and then the orange ED for 5th where the circle iii is likely divided into a (w)-(x)-(y) and that wxy is being tracked in purple. Inside that purple the ES vs. SPX disparity comes from the larger (1) of micro 3 in SPX and the potential the the c of (y) in ES is itself an ED.

Again I prefer to focus on the ind names that make stronger cases for continued upside and using the potential resistance and support levels in index charts for hedging and trimming purposes.

Even in the green count one has to realize that we are nearing the end of the Primary 3rd, and in the intermediate (5)th of that we are also in the final Minor 5th. Manage risk accordingly.

@ES# - Alternate 4 - Sep-21 1349 PM (5 min)
@ES# - Alternate 4 - Sep-21 1349 PM (5 min)
SPX.XO - Micro Counts - Sep-21 1349 PM (15 min)
SPX.XO - Micro Counts - Sep-21 1349 PM (15 min)
SPX.XO - BIG Macro Clean - Sep-21 1349 PM (4 hour)
SPX.XO - BIG Macro Clean - Sep-21 1349 PM (4 hour)
SPX.XO - BIG Macro - Sep-21 1352 PM (1 hour)
SPX.XO - BIG Macro - Sep-21 1352 PM (1 hour)
@ES# - BIG Macro - Sep-21 1353 PM (2 hour)
@ES# - BIG Macro - Sep-21 1353 PM (2 hour)
INDU.X - Primary Analysis - Sep-21 1354 PM (1 hour)
INDU.X - Primary Analysis - Sep-21 1354 PM (1 hour)
SPX.XO - Alternate 6 - Sep-21 1349 PM (2 hour)
SPX.XO - Alternate 6 - Sep-21 1349 PM (2 hour)
SPX.XO - Alternate 10 - Sep-21 1404 PM (1 day)
SPX.XO - Alternate 10 - Sep-21 1404 PM (1 day)
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.


  Matched
x