Nasdaq 100 & S&P 500 Elliott Wave Update - Monday, Dec 16

Technical Analyst & Trader • Dec 16, 2024 at 9:30 PM EST

Nasdaq 100 went on another "moon shot" today with the market making substantial gains and most of the Mag 7 also saw strong gains.

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Nasdaq 100 went on another "moon shot" today with the market making substantial gains and most of the Mag 7 also saw strong gains. The volatility has continued to remain higher within the Nasdaq due to the "options flows" which controls premium and volatility. I update the EW labeling and also update the Fibonacci levels associated with the counts. I also updated the charts for the contract roll which with the TOS platform took place yesterday on the open of Globex. I feel the Nasdaq could pullback before resuming the upward trek and I'm making a comparison between what I've labeled as wave 1 and what eventually should produce a complete wave 3. I also update and include additional levels for the finishing moves within minute and minuette degrees.

Video Length: 00:38:23

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