Image source: Pixabay

Weakness across the board continued on Tuesday as anticipated via the cyclical downside pressure from the 3 month and one-month cycles in the S&P 500 and Nasdaq 100. I have updated the Elliott counts and labeling in both the ES and NQ - where both remain in the process of completing Minor 5th waves up and within them minute 4 wave corrections maybe complete at today's lows or remain in process. I add Fibonacci extensions for the expected minute 5th waves up as well.

Video Length: 00:22:28

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