S&P 500 Elliott Wave Weekly Update - Friday, Jan 10

Cutout paper illustration representing scheme and Stocks inscription

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I'm switching over to posting the weekly update on Friday. Tonight I review the EW count(s). Update the charts on both the cash (SPX) and futures (ES) on the EW labeling and the Fibonacci levels. For now, the S&P 500 remains in the process of putting in Minor "a" of Intermediate wave 4. I lay out the alternate, but again I'm leaving it in the alternate position for now. I also go into a more detailed discussion on the the "flows - capital, options, and gamma" and more on what it means to be in "negative gamma territory." What can we expect to see when the markets break below "volatility triggers" , call and put walls. What effect do large gamma positions have when test and or broken. I'm presenting this now in advance of the Memberships beginning on Monday January 13th. I will be adding the "levels" for the SPX, ES, NDX, NQ, and the SPY and QQQs on each update -- and will be updating them as part of our Discord Alert Service. Sascha and I will be posting a short video on all of this on Saturday 1/11/2025.

Video Length: 00:39:06


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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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