Nasdaq 100 & S&P 500 Elliott Wave Update - Tuesday, Nov 19

person using MacBook Pro on table

Image Source: Unsplash

The markets stayed fairly cleanly within the parameters in last night's analysis. The strong swing higher was very impulsive which is what I am/was looking for. I update the labeling to reflect the completion of the minuet 2nd waves. I also update the initial Fib levels for the 3rd waves up. And I also include an alternate for tomorrow should the smaller 4th waves of "c" waves down to complete the minuet 2nd waves.

Tomorrow appears to have been reserved for all focus to be placed on NVDA's earnings report in the absence of economic data. It would appear that market direction will be dictated by the earnings and of course the intensity of the reaction would be up to the CEO's pearls of wisdom about what is yet to happen or not happen.

Video Length: 00:19:49


More By This Author:

Nasdaq 100 & S&P 500 Elliott Wave Update - Monday, Nov 18
Weekly Technical Update: S&P 500 - Sunday, Nov. 17
Weekly Technical Update: Nasdaq 100 - Sunday, Nov. 17

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