BraVoCycles

ES Elliott Wave Count Alternatives

·         My best practice EW count for ES is slightly different than the one for SPX in that wave (b) peaked in mid-June rather than in mid-July, as shown in the first chart.

·         But ES is also due for wave c of (c) down, if b was completed on Friday.

·         But it is possible to relabel the ES chart to also show (b) in mid-July as SPX, as in the second chart.

·         Not that triple zigzags w-x-y-x-z could be considered as corrective structures, but under certain conditions they could also be considered as diagonal motive waves, provided they meet the rules for diagonals.

·         In this case, both June and July triple zigzags could be considered as diagonals, and in the chart below I just flipped their labeling, such that the second drop in June is a corrective wave b, and the triple zigzag in the first half of July is an ending diagonal, slightly truncated, for wave c of (b).

·         This is now an identical count as for SPX.

·         How

Apple (AAPL) Cycles

• Both intermediate- and long-term cycles are peaking