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ElliottWavePredictions
May 14, 2019 11:54 PM

Updated Wavecount 

E-mini S&P 500 FuturesCME

Description

Last one was weird, i wasnt exactly sure what to make of the break of channel, but after counting, i realized that wave was probably impulse. Therefore we can expect another wave down for the fifth.

Based on fib wave ratios, I expect this fifth wave to travel to the Green Box drawn on the chart.

I would not short this as the last wave couldve very well been a complex correction, rather I would wait for a buy.
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