ES Daily Harmonic Elliott Wave Analysis

Overview: let's review the key points of the previous update:

• I am now changing my primary count, where wave a of (III) is complete and we are in wave b.
  
• We see that wave b is developing as a zigzag correction with its wave A being complete.
  

Update: As we expected, ES continued higher to form leg C of zigzag. Now, we have completed a zigzag in wave b of (III). Today, ES peaked at 3808.75, with the 0.667 retracement of wave a of (III) at 3807.5.

What is next? there will be a pullback at this point and its structure and extent will lead us on what to expect. Wave b of (III) can be complete or it can develop as a flat or a triangle, so be careful that we have more than one possibility at this point. This is a volatile market that we need to move day by day and adjust our expectations.