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.
Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures ...
Disclaimer: Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don’t trade with money you can’t afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
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