Nasdaq 100 & S&P 500 Elliott Wave Update - Thursday, May 30

person using MacBook Pro on table

Image Source: Unsplash

Both the NQ and ES continued lower for most of Thursday's sessions - which aligns with some minor cycles heading into their respective "troughs" - between now and the beginning of June. I discuss the potential for the minuet 4th waves in both the NQ and ES may have completed at this afternoon's lows, but I am leaving open the possibility that the markets will move down to the next Fib support levels before completing minute 4th waves and moving higher in the context of minuet 5th waves. I discuss the larger counts and where we are in those pictures and also add projections for the minuet 5th wave rallies still to come.

Video Length: 00:26:11


More By This Author:

Nasdaq 100 & S&P 500 Elliott Wave Update - Tue, May 29
Weekly Technical Update: Nasdaq - Saturday, May 25
Weekly Technical Update S&P 500 - Saturday, May 25

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