Watchout for lipstick.

Jul 13, 2018 - 11:00 AM EDT

The more I look at SPX the more this still looks like just a of (v) rather than the micro wave 1 start to c from a VERY shallow b.

(& more than micro B of expanded flat b)

So that can still leave a "surprise" test of 2740* region as "b"...

#PinkPig

*Also since this a wave stretched a bit more... the 2725 region may be needed so that the c of (v) fits w/ more normal proportions.

**Actually if we get 2740 for close to the 61.8% retrace of a then that sets up for c=a right at the top TL of the LD into the July OpEx.

SPX.XO - BIG Macro - Jul-13 1051 AM (1 hour)

SPX.XO - Micro Counts - Jul-13 1102 AM (15 min)

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.

Free 15-Day Trial

• S&P 500 Wave Analysis
• Gold, Silver, Oil & US Dollar Reports
• Stocks, Options, Cryptocurrencies & more
• Live Coaching & Webinars

OUR MEMBERS SAY ...

I live Finance. 80hrs a week corp finance. I trade as a hobby and in my opinion this is the best site in the world for someone to learn about markets... i rue the day when it is no more or its core is changed. there is NO BETTER SITE IN THE WORLD to get the off-cuff input/feedback/knowledge across ALL MARKETS like this site... Thank you to the analysts here who grind out thousands of charts each week.
"GibsonDog" - Trading Room

My faith in God and my faith in Avi and his team. God lead me to this service over 10 years ago. For a decade I have heard Avi point his bat at this very moment in time calling this S&P level. Though the years I have witnessed him point his bat months, even years before metals hit their highs and lows with almost perfect big picture accuracy. Against every other analysts opinion. I have seen him bullied relentlessly on his public articles on SA and stick to his guns and proven so correct with no one ever apologizing or admitting he called it.
"sdmavrick" - Seeking Alpha

My AUM has grown exponentially because of you and I can't thank you enough. My biggest regret is not signing up sooner! You've done more good than you will ever know.
"AAMilne" - Trading Room

I’ve subscribed for 5 years now and I have to say I see that you’ve been right on this the whole time. Who would’ve thought gold and silver would’ve rallied with rates this high for this long and the markets continued higher as well. Always thought your charts were good but always thought in the back of my mind that rate cuts and other news actually led. So now that I’ve admitted defeat u are free to gloat. Well deserved
"Lil_G" - Seeking Alpha

I worked on trading desks at top investment banks for 10 years, then traded on my own for another 8. I've seen 100s of research from the best analysts in the business. Avi and EWT is the only one I'm willing to pay for right now.
"tzeyi" - Seeking Alpha

CNBC had a stat this morning that over the last 20 years 86% of money managers/hedge funds have underperformed the market. They couldn't figure out why that’s the case given how 'smart' these people are. . . . I know my performance since joining the site has skyrocketed!
"HenryH" - Trading Room

At times like these, I want to express my hearfelt thanks to the whole analyst team and especially to Avi, for superb and timely guidance & insight as well as mental support :) A trading/ market analysis service just does not get better than this one is.
"Silverado" - Trading Room

I've been managing money since 1981 and ... I've never seen anyone handle fibs like him [Avi].
"halburris" - Seeking Alpha

This is literally the greatest advisory service - bar none.
"MJK" - Trading Room

I’m convinced, EW theory is THE best way to approach markets for investing/trading. Whether you’re scalping micro moves, day trading swing trading or long term investing, EW always has you covered. Most people have a lens or a way they view the market but how consistent over time is it? For myself I like fractals and have made life changing trades off them. But as my trading days add up [and] the value of EW becomes clearer, especially when coupled with fib #s, I have to give credit to you Avi for this!
"bullhammer" - Trading Room

No Javascript Detected

The unfortunate reality of the internet requires us to run JavaScript to try and detect bot attacks. This form will not go through unless you enable JavaScript and allow reCAPTCHA from Google servers.