Elliott Wave Update – ES – June 6, 2021

Friday’s trade gave us much needed support in that the minute wave 4 correction is complete at Thursday’s low. This then suggests that minute wave 5 is underway and remains in the process of tracing out the first 5 wave sequence higher which would be labelled sub minute wave 1 – expectations would then be for a wave 2 pullback. Fibonacci levels are updated for both the upside and downside.