ES-5-3-19-8-40-am
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ES - working on a corrective a-b-c of wave ( b ) up
At this point it is clear that the red alternative bearish micro count in ES I showed you yesterday (see the second chart below) is dead.
We are dealing with a corrective wave ( b ) up off the low made Yesterday. Most likely, an impulsive looking decline yesterday was only the first leg of decline in wave ( a ) down.
ES Mini - 45 min chart updated at 8:45 AM on 5/3/2019
This move up is clearly structured as a-b-c. And we are dealing with the strongest part of the final leg c up, its micro wave iii.
After a brief pullback in micro wave iv down we may get another micro push higher targeting 2,935-2,937. It can even stretch to 2940sh.
ES Mini - 1,500 tick bar chart updated at 8:45 AM on 5/3/2019
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