ES - close to complete the rally started last Friday

The rally off December 2018 low is a large wave ( A ) of ( 5 ) that targets the previous September 2018 top. Yes, at this point we may say that the drop off September 2018 top into lows of late December 2018 was a completed corrective wave ( 4 ) down. 

That rally in wave ( A ) of ( 5 ) up should be subdivided into five waves (i)-(ii)-(iii)-(iv)-(v).

The strongest part of this rally in wave ( iii ) up topped at 2,819.50 on 2/25/2019. Then we got an expanded flat corrective (a)-(b)-(c) down structure that bottomed at 2,726.50 on 3/08/2019. Note that wave ( b ) up manage to make a higher high at 2,825.25 on 3/03/2019. This is how a classic expanded flat corrective structure works in strong bullish trends.

This rally in wave ( a ) of ( v ) started last Friday should top somewhere around the previous tops, 2,820-2,825. Wave ( a ) of ( v ) is still weak after the previous drop in wave ( iv ) down to make a sustainable breakout to new highs. After it retests the previous top of wave ( iii ) up it followed by a corrective wave ( b ) down ( see it on the chart ).

But that is the very same fractal that we  have played this night on a smaller scale! This upcoming wave ( b ) down would be a shallow one. It may retrace 61.8% – 76.4% ( 2,761-2,748) of the rally started last Friday. That’s it. So the critical support for the drop is last Friday’s low at 2,726. 

Guys, this is a trader’s market. And wave ( 5 ) that started in December 2018 is the place in teh fractal where Harmonic Elliott Wave is teh strongest in terms of accuracy of predictions. Enroll into my course and join my private chat today. It will cost you less than $75. Personally, every time I go to a supermarket I leave over $120 there. This is the best deal in town and you should not miss it!