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

person using MacBook Pro on table

Image Source: Unsplash

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


More By This Author:

Weekly Technical Update: Nasdaq 100 - Sunday, Dec. 15
Weekly Technical Update: S&P 500 - Sunday, Dec. 15
Nasdaq 100 & S&P 500 Elliott Wave Update - Thursday, Dec 12

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 ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.
Or Sign in with