Nasdaq 100 & S&P 500 Elliott Wave Update - Wed, May 15

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VIX expiration today, once completed it was back to business which was to sell the VIX and buy the underlying volatility. Implementing the trade is a self-fulfilling trade. Nonetheless, the NQ and ES went parabolic at times both reaching existing highs (NQ) and new highs (ES). I have turned my focus to the 4-hour chart and under for both markets as well -- leaving analysis to remain more daily to weekly so to speak. I update the EW labeling (starting with the 4-hour chart) I also adjust Fibonacci levels (Retracements and Extensions) for tomorrow.

Video Length: 00:17:10


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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 ...

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