Nasdaq 100 & S&P 500 Elliott Wave Update - Wednesday, Nov 6

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I would say that I was glad to be late in preparing and posting yesterday's update in that the surge higher broke a level in the S&P which invalidated and continuing minute 4 wave count and set us up for what turned into a massive across-the-board rally in equities. Had I been more 'on time' it would have been inaccurate. Thank God for small market favors. The rallies were very strong as the VIX got crushed and all "flow" levels were exceeded for the most part. Within the minute 5th waves in play now I'm looking for the minuet 3rd waves to be complete or nearly so which would lead the markets towards a much-needed pullback in the form of minuet 4th waves. I also lay out the Fibonacci resistance levels for both markets.

Video Length: 00:25:56


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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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