Elliott Wave Update – ES – May 26, 2021

Wednesday’s trade does offer any changes to current analysis. The ES has been stuck in a range for the past 2 sessions. Which leaves previous analysis in place for both the upside and downside views. Both are discussed in tonights update. Expectations for tomorrow would be for the ES to continue its way lower with support coming in at 4175, 4167, and 4150. If this zone contains the selling look for the next rally to begin and work its way higher without too much resistance or hesitation.