Thursday’s trade was picture perfect in terms of the moving averages being in alignment on the charts, with the up trend being in force for the entire session. As a day trader these are the most profitable days. I have updated the Elliott labelling which shows the larger Intermediate wave 4 correction still in progress. With wave A of 4 complete and wave B still in progress. Within wave B of 4 the ES have completed the internal waves ‘a’ and ‘b’ with a ‘c’ wave advance underway. Within wave ‘c’ – sub waves 1-3 appear complete with a small 4th wave nearly so. This suggests an additional wave 5 of ‘c’ is needed to complete the sequence and in turn wave ‘c’ of b and of course wave ‘b’ of 4. Resistance to complete starts at 4190 with the likely target at 4205 coming in to play.