Elliott Wave Update – ES – May 25, 2021

Tuesday trade was not out of line with current analysis, but it did give me time to take a closer look at my current preferred and alternate counts. I went back to the monthly charts and reviewed what degree level I had labelled on the chart. I decided to drop everything a degree up to and including the hourly chart labelling. I am continuing to use the same Fibonacci extensions for upside and downside with the change coming in the labelling. Currently the buyers remain on the strong side. Which led to the labelling changes.