Nasdaq 100 & S&P 500 Elliott Wave Update - Mon, May 6

Technical Analyst & Trader • May 6, 2024 at 8:35 PM EDT

Both the S&P and Nasdaq followed through on the current analysis. The upside swing continued with 5200 in view in the SPX and 18200 in the NDX.

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Both the S&P and Nasdaq followed through on the current analysis. The upside swing continued with 5200 in view in the SPX and 18200 in the NDX. I updated the near-term picture and included some Fibonacci levels. I continue to feel the market will not waste time in getting back to new ATHs. My longer-term view has not changed.

Video Length: 00:17:13

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