Holding high support - Market Analysis for Aug 31st, 2018

Aug 31, 2018 - 10:58 AM EDT

Decent start to possible micro 5th of iii up in ES, but SPX (also NQ) look like only 3up so far.

LODs need to hold for immediate bullishness to continue in orange impulse for (c) of circle iii in the larger ED for 5.

Still potential even to accelerate in this green count proposed the other day, but I will not be "relying" on even the orange circle iv to hold support as we head into the "Major Topping Zone".

SPX.XO - Micro Counts - Aug-31 1057 AM (15 min)

@ES# - Alternate 4 - Aug-31 1057 AM (5 min)

SPX.XO - Alternate 6 - Aug-31 1100 AM (2 hour)

SPX.XO - BIG Macro Clean - Aug-31 1102 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.

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