Elliott Wave Update – ES – April 29, 2021

Thursday trade gave some strong information as to market direction. The ES rallied to an additional all time high at 4112. The Elliott labelling has been update to reflect the extension within the final sequences for Intermediate wave 3. Fibonacci support and resistance levels have also been updated to reflect today’s new high. Also included tonight I discuss the potential and probability of 4112 being the completion point for Intermediate wave 3.