Nasdaq 100 & S&P 500 Elliott Wave Update - Tuesday, Aug 13

Space Grey Ipad Air With Graph on Brown Wooden Table

Image Source: Pexels

The NQ and ES has mostly muted to "dull" reaction to the latest PPI data. However, once the markets opened and "volatility triggers" were triggered, the upside caught on and began a nonstop march higher. As far as the EW pattern, which the structure itself is very 'ugly' the overall pattern continues to follow what I'm labeling as a minute "b" wave of a Minor 4th wave. I again go over the alternate as well as updating the labeling within today's activity. I detail somewhat the cause, (IMHO) for today's strength and discuss how the "numbers" are changing how quickly direction can flip.

Video Length: 00:29:57


More By This Author:

Nasdaq 100 & S&P 500 Elliott Wave Update - Monday, Aug 12
Nasdaq 100 & S&P 500 Elliott Wave Update - Thursday, Aug 8
Nasdaq 100 & S&P 500 Elliott Wave Update - Wednesday, Aug 7

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