Nasdaq 100 & S&P 500 Elliott Wave Update - Thursday, Oct 24

Technical Analyst & Trader • Oct 24, 2024 at 11:05 PM EDT

I updated today's trade and discussed the two possible paths the markets can talk about tomorrow. Expectations remain for the minute 5th and in turn the Minor 5th waves to continue to move the markets higher.

Cutout paper illustration representing scheme and Stocks inscription

Image Source: Pexels

There isn't much to be adding to the current picture. Both the ES and NQ continue to follow the prescribed Elliott paths and those being the beginning stages of the minute 5th waves. I update today's trade and discuss the two possible paths the markets can talk tomorrow. Expectations remain for the minute 5th and in turn the Minor 5th waves to continue to move the markets higher.

Video Length: 00:22:39

More By This Author:

Nasdaq 100 & S&P 500 Elliott Wave Update - Wednesday, Oct 23
Nasdaq 100 & S&P 500 Elliott Wave Update - Tuesday, Oct 22
Nasdaq 100 & S&P 500 Elliott Wave Daily

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.

CFTC Rule 4.41 – Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will, or is likely to, achieve profit or losses similar to those shown.