Nasdaq 100 & S&P 500 Elliott Wave Update - Mon, May 20

Technical Analyst & Trader • May 20, 2024 at 10:20 PM EDT

The EW pattern remains in an "extended" 5th wave. I review the degree and what is yet to come before "larger & deeper" retracements should occur. The markets continue to work towards the completion of a higher degree fifth wave.

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Both the ES and the NQ continued to expand on the upside with additional new highs being put in today. The EW pattern remains in an "extended" 5th wave. I review the degree and what is yet to come before "larger & deeper" retracements should occur. The markets continue to work towards the completion of a higher degree fifth wave.

Video Length: 00:17:30

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