Elliott Wave Analysis E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! HedgehogLanding Looks like overnight trading completed what looks to be a nice 5 wave Elliot wave impulse Wave 1 on the hourly. I have place fib retracement levels for possible correction. I don't think it will go very deep. I think there are trapped sellers from yesterdays move that the big boys don't want to give a chicken exit to. Trade at your own risk.