S&P 500 & Nasdaq 100 Elliott Wave Update

person using MacBook Pro on table

Image Source: Unsplash


Follow through to the upside was the ticket for Thursday. Although stronger in the ES than the NQ both managed to finish with some strength. I update the labeling and adjust Fibonacci levels. At the moment I feel the ES has stronger upside potential from current levels to complete the minute 3rd wave, while in the NQ it appears that the market will shift lower to complete the small 4th wave and then rally with strength to finish the minute 3rd wave.

Video Length: 00:23:43


More By This Author:

Nasdaq 100 & S&P 500 Elliott Wave Update - Wed, May 8
Nasdaq 100 & S&P 500 Elliott Wave Update - Tue, May 7
Nasdaq 100 & S&P 500 Elliott Wave Update - Mon, May 6

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.