ES Looking for Target Zones - S&P 500

Posted by Mike Richards on 22/08/2018 0 Comments

Yesterday we saw the ES complete the 5 wave move up from last weeks low and start to reverse back down in the wave 2. Overnight we have completed a 5 wave impulse to the downside which I have labelled the A wave of the 2 and the move back up since the over night low as likely only the (a0 of the B Wave. Looking for the ES to continue lower into the target zone shown on the 5 Minute Chart and then push back up in the (c) of B before we then see the final C of 2 down to the target zone shown in the 60 Minute Chart. 

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