Market Analysis for Apr 24th, 2017

SBUX looks like a clear 5up topping off the March low. That did not fit into the impulse subwave expectations so shifting to a #UnicornFrapuccino colored ED... it is likely to start fading in the b of 3 and then drop harder once SPX turns down in (c).

Avi Gilburt is founder of ElliottWaveTrader.net.